IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/79825.html
   My bibliography  Save this paper

Microfinance & Strategy of Financial Inclusion in India

Author

Listed:
  • Gupta, Avnesh Kumar

Abstract

The main aim of this paper is to evaluate the role of microfinance in empowering the people and realization of government’s policy of financial inclusion in India. However, there are certain concerns about the efficiency of Microfinance Institutions in handling public money, their targeted growth, achievement of policy goals and demand and supply management of funds. Today, the Microfinance Institutions demand the government to empower them for mobilizing public savings. With increasing demand for rural finance and the inadequacies of formal sources of finance, the Microfinance Institutions have immense opportunities in the new incarnation of microcredit in India. However, in the light of recent experiences, and the need for qualitative economic growth, we suggest that Microfinance Institutions should be managed with better scrutiny in terms of finance and technology as well as social responsibility. This is to be of utmost importance in order to upgrade Microfinance Institutions from thrift and credit institutions to capacity-generating and livelihood- managing groups of people. Non-Governmental Organizations have played a commendable role in promoting Self Help Groups by linking them with banks. There is, therefore, a need to evolve an incentive based package which should motivate these NGOs to diversify themselves into other backward areas.

Suggested Citation

  • Gupta, Avnesh Kumar, 2012. "Microfinance & Strategy of Financial Inclusion in India," MPRA Paper 79825, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:79825
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/79825/1/MPRA_paper_79825.pages
    File Function: original version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gupta, Avnesh Kumar, 2014. "Inclusive Growth Policy: An Analysis of Performance of Indian Government During Eleventh Five Year Plan," MPRA Paper 80029, University Library of Munich, Germany, revised 01 Jan 2014.
    2. Gupta, Avnesh Kumar, 2012. "Entrepreneurship, Challenges & Opportunity: The Indian Picture," MPRA Paper 79720, University Library of Munich, Germany.
    3. Gupta, Avnesh Kumar, 2014. "Trade Liberalisation and Its Impact on Employment: An Analysis of Indian Experiences (With Special References of Indian Manufacturing Industries)," MPRA Paper 80030, University Library of Munich, Germany, revised 01 Mar 2014.

    More about this item

    Keywords

    Microfinance; Financial Inclusion; Self Help Groups; Institutional Credit;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:79825. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.