Micro–Finance  A tool for sustainable livestock production

Dr. T. Vijaya Nirmala; Dr. K. Ravi; Dr. B. Vamsi Krishna

Volume : VI, Issue : II, February - 2016

Micro–Finance A tool for sustainable livestock production

Dr. T. Vijaya Nirmala, Dr. K. Ravi, Dr. B. Vamsi Krishna

Abstract :

 Micro–finance is a novel approach to banking with the poor. It attempts to combine lower transaction cost and high degree of repayments, essentially because of the involvement of potential beneficiaries in the credit delivery system. The importance of finance in rural poverty reduction in developing countries is evident from the fact that two thirds of International Fund for Agricultural Development (IFAD) current projects has a rural finance component. Along with other components such as technology and inputs, access to financial services has been considered one of the major means through which increased animal husbandry / agricultural production and poverty reduction can be attained. In spite of this, farmers frequently do not have access to appropriate financial services. The micro finance movement has been playing a crucial role in the financial inclusion efforts in the Indian context also.