Volume : IV, Issue : VII, July - 2015

Detail Analysis of Micro Finance Sector

Prof. J. K. Tandon, Jayendra Chaturvedi, Jyoti Chaturvedi

Abstract :

 Microfinance sector has grown rapidly over the past few decades. Nobel Laureate Muhammad Yunus is credited with laying the foundation of the modern MFIs with establishment of Grameen Bank, Bangladesh in 1976. Today it has evolved into a viant industry exhibiting a variety of business models. Microfinance Institutions (MFIs) in India exist as NGOs (registered as societies or trusts), Section 25 companies and Non–Banking Financial Companies (NBFCs). Commercial Banks, Regional Rural Banks (RRBs), cooperative societies and other large lenders have played an important role in providing refinance facility to MFIs. Banks have also leveraged the Self–Help Group (SHGs) channel to provide direct credit to group borrowers. This Paper involved study of the past literatures about the microfinance sector, related online research papers and journals. The study also involved survey of all MFIs in the state of Rajasthan and Uttar Pradesh through field visits and online survey. The annual reports and the sector reports published by regulatory bodies, MFI associations and major microfinance players facilitated the study, especially in understanding the size, growth and past trends. Interactions with some of the industry experts helped in understanding and analysing the emerging concerns in the microfinance sector and also to look for some possible solutions.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Prof. J.K.Tandon, Jayendra Chaturvedi, Jyoti Chaturvedi Detail Analysis of Micro Finance Sector. International Journal of Scientific Research, Vol : 4, Issue : 7 July 2015

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