Informatics Publishing Limited

R. Rupa ¹

Affiliations
1 SCMS School of Technology and Management, SCMS Campus, Prathap Nagar, Muttom, Aluva, Cochin – 683 106, IN

Abstract

MFIs are the pivotal organizations in each country that make individual microcredit loans directly to villagers, micro entrepreneurs, impoverished women and poor families. NBFC MFIs have been playing a significant role in taking forward the financial inclusion agenda of the Government of India. Bangladesh which is the birth place of microfinance and also pioneer in the world for applying microfinance has NGO form of MFIs. This paper aims to compare the financial performance of NBFC MFIs in India and NGO MFIs in Bangladesh. The study is primarily based on secondary data. The variables, such as institutional characteristics, financing structure, outreach indicators, overall financial performance indicators, revenue and expenses, efficiency and risk and liquidity have been considered to analyse the financial performance of 27 Indian NBFC MFIs and 23 Bangladeshi NGO MFIs. The Mann-Whitney U test has been used for analyzing the data. It is found that the Indian NBFC MFIs stand better than the NGO MFIs of Bangladesh in many aspects, though Bangladesh is the place of origin for the concept of microfinance and Microfinance Institutions.

Keywords

Microfinance, Microfinance Institutions, MFIs, Financial Performance, India, Bangladesh.

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R. Rupa ¹, Kavya Prakash ²

Affiliations
1 Assistant Professor, PG & Research Department of Commerce, Marian College Kuttikkanam, Kerala, IN
2 III B.Com PA, Kumaraguru College of Liberal Arts & Science, Coimbatore, Tamilnadu, IN

Abstract

After many decades, the term 'financial inclusion' was commemorated in the Indian banking sector. RBI fascinated giant strides to reach small villages and low income group of people progressing Digital India. It is an analogous proposal within which different non-banking monetary organizations are conceded the authority to ensure basic bank services to each Indian National. Pradhan Mantri Jan Dhan Yojana congregated the amount of unbanked people within the country, although there are millions who are still inaccessible. Pandemic period hooked up the need for digital payments and hence there is possibility of payment banks to reach several people. According to the World Bank report, 21% chunk of Indian population is unbanked. The present paper dispenses a perspective on the cognizance and acceptance of payment banks among college students during the pandemic period. For the aim of the study both primary and secondary knowledge is used. The information collected are analyzed using applicable statistical techniques. It will collaboratively highlight the prerequisites of payment banks in India and its future.

Keywords

Digital India, Financial Inclusion Payment Bank, RBI, Pandemic Period.

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