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Srikanth, M.
- An Evaluation of Financial Inclusion in India:Some Policy Insights
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Affiliations
1 Centre for Financial Inclusion & Entrepreneurship, National Institute of Rural Development & Panchayati Raj, Hyderabad, IN
1 Centre for Financial Inclusion & Entrepreneurship, National Institute of Rural Development & Panchayati Raj, Hyderabad, IN
Source
The Microfinance Review, Vol 9, No 2 (2017), Pagination: 1-14Abstract
In the era of digital financial inclusion, one of the main challenges faced by the policymakers is to provide affordable, instantaneous and user-friendly access to financial products and services to the common man. Though there has been an impressive growth in terms of bank branches, Business Correspondents and Kisan Credit Cards amongst others during the last five decades, cent per cent financial inclusion in India appears to be a difficult target to achieve. By following the international best practices, Indian banks may be rated at regular intervals on their efforts to facilitate financial inclusion. The policymakers may seriously think of including moneylenders as part of microfinance institutions, or small finance banks or any other institutional mechanism, as they are now an indispensable part of rural India due to the farmers’ proximity to them and their lack of awareness of various initiatives taken by the government. There should be a thrust on demand-side rather than the supply-side alone to make financial inclusion a real success.Keywords
Financial Inclusion, Digital Financial Inclusion, Self-Help Groups, SHG-BLP.
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- Microfinance and Rural Development: The Bangladesh Way
Abstract Views :203 |
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Authors
Affiliations
1 National Institute of Rural Development & Panchayati Raj, Hyderabad, IN
1 National Institute of Rural Development & Panchayati Raj, Hyderabad, IN
Source
The Microfinance Review, Vol 11, No 1 (2019), Pagination: 67-70Abstract
The definition of poverty has evolved from consumption of calories to deprivation of income to lack of assets to sustainable livelihoods (Carney, 1998; DFID, 1999) to a more recent multidimensional poverty index (Alkire and Santos, 2014). Among the strategies for poverty alleviation, the Graduation Approach pioneered by Hashemi and De Montesquiou (2011) on behalf of Bangladesh Rural Advancement Committee (BRAC) is the most popular one. This approach lays emphasis on promotion of livelihoods, social protection and better access to microfinance for the poor. While declaring 2005 as the year of micro credit, Kofi Annan, the then United Nations Secretary-General, remarked, ‘sustainable access to microfinance helps alleviate poverty by generating income, creating jobs, allowing children to go to school, enabling families to obtain health care, and empowering people to make the choices that best serve their needs’.Keywords
Microfinance, Rural Development.References
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