THE MYTH AND REALITY OF PROMOTING MICRO ENTERPRISES THROUGH MICRO FINANCE:  A STUDY IN HASSAN

HEMALATHA S; PUNEETH; MAHADEVPRASAD

Volume : V, Issue : IX, September - 2016

THE MYTH AND REALITY OF PROMOTING MICRO ENTERPRISES THROUGH MICRO FINANCE: A STUDY IN HASSAN

Hemalatha S, Puneeth, Mahadevprasad

Abstract :

Micro finance in general and micro credit in particular has become a much sought after tool for financial inclusion. It has been well demonstrated through many studies that micro finance has helped the socially and economically less privileged groups, especially in rural areas in terms of reduction of poverty (Mayoux and Hart, 2009) access to social needs such as education and health (Ashe and Parrot, 2002) as well as empowering women (Zaman, 2001; Kay 2003). Even though there are evidences to the contrary that micro credit has increased the debt burden of the rural household and even subjugated women for greater miseries of additional financial responsibilities etc, (Zaidi, 2007, Bali and Swain, 2006) micro finance has certainly been on an expansion mode. Varied types of micro finance institutions have emerged and it looks that there is still an untapped market for micro financial services in the country.