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Authors
Affiliations
1 Kolhan University, Chibasa, IN
2 Department of Commerce, Karim City College, Jamshedpur, IN
3 Department of Psychology, Karim City College, Jamshedpur, IN
Source
International Journal of Education and Management Studies, Vol 6, No 3 (2016), Pagination: 370-373
Abstract
Last decade laid emphasis on micro finance, the micro financial institutions and self help groups. The paper highlights the impact of micro financial institutions, leaders in the micro finance field can no longer be complacent and assume that current program services are automatically empowering the poor and weaker section of society. The current paper is a overview of the wider SHG bank linkage movement in India, private MFIs have had limited outreach. However, we have seen a recent trend of larger micro finance institutions transforming into Non-Bank Financial Institutions (NBFCs). This changing face of micro finance in India appears to be positive in terms of the ability of micro finance to attract more funds and therefore increase outreach. Large banks are also tie-up with SHGs. In overall terms an organizational structure will help them achieve more trans parencey and efficiency. It is also be seen that males and females are taking loans from MFI,s and Banks to start their own small enterprises. These small enterprises gave the weaker section the control over their earning and healthy and nutritional living standards. A more refined model of micro-credit delivery has evolved lately, which emphasizes the combined delivery of financial services along with technical assistance, and agricultural business development services. When compared to the wider SHG bank linkage movement in India, private MFIs have had limited outreach. However, we have seen a recent trend of larger micro finance institutions transforming into Non-Bank Financial Institutions (NBFCs). This changing face of micro finance in India appears to be positive in terms of the ability of micro finance to attract more funds and therefore increase outreach.
Keywords
Microfmance, SHG, MFI,s, NBFC,s.
