Volume : III, Issue : VIII, August - 2013

Rural Credit Co–Operative and SHG Model of Microfinance

Parag Shil, Bhabananda Deb Nath

Abstract :

For Indian Economy, which is till based on rural economy even in this era of rapid industrialization and globalization, hence the inclusive development initiatives like Cooperative movements, Microfinance movement etc. are all welcome as these initiatives directly targeted to the poor and deprived sections of rural India. Rural credit cooperative is type of credit cooperative especially entrusted in delivery of credit to the poor to ing economic development and to save them from the exploitation of money lenders. Microfinance (mf), with the same strategy and style, become more popular and means of alternative finance mainly under its popular SHG Model, in reaching poor people especially rural poor, women and the deprived of formal financial system. Gaining popularity from Bangladesh, the same is spread all over the world and become the hope for economic development, poverty alleviation and empowerment tools for the poor and vulnerable. The study emphasized on the role of Rural Credit Cooperative and SHG Model of micro finance (which has many liking factors) in deliberation of credit and coverage and other problems and prospect and the reasons for the rapid growth and development of the SHG Model of mf in last decades, despite of having huge networks of cooperatives in our country. This empirical study has been made with the help of secondary data and various sources of secondary data have been used, where the ‘electronic source’ provided major helps.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Parag Shil, Bhabananda Deb Nath Rural Credit Co-Operative and SHG Model of Microfinance Indian Journal of Applied Research, Vol.III, Issue.VIII August 2013

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