Volume : 8, Issue : 8, August - 2019

MICROFINANCE IN INDIA: SCOPES AND LIMITATIONS

Mitali Halder

Abstract :

Microfinance in the eighteen years has become a well known tool for bankers, developmental agencies and even for corporate houses. Microfinance, in many ways, have gone beyond the means of delivering the financial services as a channel and turned out to be focal point for purveying various services to the poor. This paper studies the consolidated data obtained from the banks along with preliminary analysis of the various trends and progress under microfinance sector under the two models viz., SHG-Bank Linkage model and MFI-Bank Linkage model. The data furnished by the banks have been analysed on the region-wise, state-wise, agency-wise, bank-wise and also for SHGs exclusively under Swarnajayanti Gram Swarojgar Yojana and exclusive women SHGs data in the booklet. The major support provided by NABARD under Microfinance Development and Equity Fund relates to promotion and nurturing of SHGs by the Self help promoting Institutions and training and capacity building of the stakeholders in the sector.