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Micro Finance and Self Help Group in Tamil Nadu

Author

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  • A.T. Senthamaraikannan

    (Madurai Kamaraj University College, Madurai)

Abstract

This paper provides a review of the recent literature on microfinance in developing countries and a critical assessment of its effectiveness. It examines the experience of India, which has one of the largest microfinance sectors in the world, and particularly the unfolding of the microfinance crisis in Tamil Nadu. It concludes that microfinance cannot be seen as a silver bullet for development and that profit-oriented microfinance institutions are problematic. To fulfil even some of its progressive goals, it must be regulated and subsidised, and other strategies for viable financial inclusion of the poor and of small producers must be more actively pursued.

Suggested Citation

  • A.T. Senthamaraikannan, 2018. "Micro Finance and Self Help Group in Tamil Nadu," Shanlax International Journal of Commerce, Shanlax Journals, vol. 6(2), pages 201-209, April.
    • Handle: RePEc:acg:sijcom:v:6:y:2018:i:2:p:201-209
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    Cited by:

    1. N Muthu, 2021. "Progress of Self Help Group-Bank Linkage Programme in India," Shanlax International Journal of Economics, Shanlax Journals, vol. 9(2), pages 41-51, March.

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