A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Chakraborty, Manab
- Client Protection in Microfinance Companies in India
Authors
1 Centre for Excellence in Sustainable Development, Indian Institute of Management Kashipur, Bazpur Road, Kashipur, US Nagar, 244713, Uttarakhand, IN
Source
Indian Journal of Economics and Development, Vol 5, No 5 (2017), Pagination: 1-6Abstract
Objectives: This paper examines what microfinance companies are doing to protect their clients –mostly women belonging to weaker sections -from mis-selling, over indebtedness and unfair practices.
Methods/Statistical Analysis: The study is based on annual reports produced by 49 microfinance institutions belong to Microfinance Institution Network (MFIN) an interview of 355 microfinance in Alwar, Rajasthan was conducted in 2015 and 2017. Focus group discussions were the main tool used to solicit views of microfinance clients.
Findings: The client grievance redressal mechanism available to microfinance clients is skewed in favor of the microfinance providers, who are members of MFIN. The Reserve Bank of India has recognized MFIN as the Special Regulatory Organization (SRO) to resolve all client complaints at its own level. Till now not a single adverse decision has been made by the Enforcement Committee of MFIN against any of its members for violating Code of Conduct or Fair Practices Code, which protects clients against lenders abuse. Unless RBI independently monitors the client grievance redressal work of MFIN, there is little hope that clients will receive justice which is without any reproach.
Application/Improvements: Microfinance clients should have recourse to third party dispute resolution, including Banking Ombudsman appointed by the RBI. Keywords: 5-6 words, Drawn from title, Word representing the work.
Keywords
Microfinance, Consumer Protection, Grievance Redressal.Full Text
References
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- Small Ruminant Value Chain in India: Opportunities and Constraints
Authors
1 Indian Institute of Management, Kashipur, Uttarakhand, 244713, IN
2 T-9/803, RPS Savana, Sector 88, Faridabad, 121002, IN
Source
Indian Journal of Economics and Development, Vol 5, No 7 (2017), Pagination: 1-5Abstract
Background/Objectives: To assess the importance of livestock (small ruminant) sector in employment generation and the role of markets in improving livestock value chain.
Methods/Statistical Analysis: The study is based on secondary data analysis. A need for a strong institutional mechanism to support small ruminant keepers and to improvise various activities in livestock value chain such as in Input, Production, Processing, and Distribution have been analysed.
Findings: The small ruminant sector makes an important contribution to Indian economy, provides sustenance to rural population, and leads to poverty alleviation. Apart from having healthy breed of livestock and marketing, processing is also an important step in enhancing value chain in livestock sector. The state with highest production of meat is Uttar Pradesh (19.1 per cent) followed by Andhra Pradesh (15.2 per cent) and West Bengal (10.9 per cent).Revenue of minimum ₹. 11,350 crores will be lost in the state of UP, due to ban on meat exports. For clean meat production and environment protection it is imperative that all slaughter houses of the country are registered. Assistance is required to make the sector organised and increase accessibility to necessary inputs, services and finance.
Improvements/Applications: Sensitisation of farmers on market demand of livestock is imperative to help realise better price in domestic market and will produce healthy pure breed goats for export. Linkages need to be created between goat farmers, processors, and exporters.
Keywords
Livestock, Value Chain, Abattoir, Goat, Export.Full Text
References
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- Cap and Trade Permits to Regulate Overgrazing in India:An Exploration
Authors
1 Department of Business Economics, University of Delhi, Delhi, IN
Source
Indian Journal of Economics and Development, Vol 7, No 4 (2019), Pagination: 1-6Abstract
Objective: This study explores how a system of cap and trade that can be applied to limit open grazing of goat population in India.
Methods/Findings: Though cap and trade are common widely applied to control air and water pollution, its exploration in the case of open grazing of goats is relatively novel. The ideas are tested through focus group discussions (FGDs) with 182 goat keepers in six different agro-ecological zones across India. Results showed that the goat owners overwhelmingly favoured a cap and trade system wherein the village council (“Panchayat”) acts as the regulator setting an overall legal limit on grazing load or stocking rates (based on the system’s carrying capacity), and then grant households a certain number of permits to graze. Households that do not meet their cap can buy permits from others that have a surplus.
Application: The study indicated that the administrative and social challenges may inhibit adoption of such a radical change from traditional free-for-all open grazing system.
Keywords
Overgrazing, Permit System, User Fees, Focus Group Discussions, Cap and Trade.Full Text
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