TO STUDY THE IMPACT OF MICROFINANCE INSTITUTIONS ON THE BELOW POVERTY LINE FAMILIES

admin

SaveSavedRemoved 1

Author Name :- Akash Bhardwaj,Taruna Bhardwaj,

Journal type:- NJRIP-National Journal of Research and Innovative Practices

Research Field Area :- Commerce and Management ; Volume 3, Issue 1, No. of Pages: 9

Your Research Paper Id :- 20180802

Download Published File :- Click here

Abstraction :-

Microfinance was known since mid of 1800s when the theorist Lysander Spooner wrote about the benefits of small credits to farmers and other rural poor. He also studied about poverty alleviation of farmers. Today use of the microfinance term has roots in the 1976, when Grameen Bank of Bangladesh took birth with the foresightedness of Mohammad Yunus. He understood the financial need of rural population in Bangladesh and shaped this Microfinance Industry. The main problem with poor population was that, they do not have any collateral for the loan, so Mohammad Yunus designed a group model. Groups were made on the basis of mutual trust and for repayment, peer help and pressure was used. His effort brought social and economic development. Microfinance, these days has been adopted by many developing and under developed countries for poverty eradication.

Keywords :-

Microfinance, credits , farmers, poverty

References :-

1. Malcom Harper, A Training Guide for South Asia: Practical Micro Finance
2. Report, “Status of Microfinance in India ”, NABARD
3. Bindu Ananth,Financing Microfinancial-the ICICI Bank Partnership model, Published in Small
Enterprise Development Vol 16 No.1,March, 2005
4. Harsha Bhargava and Rajeev Sharma, managing corporate Finance: A Corporate Approach.
5. http://www.microfinancegateway.org/p/site/m/
6. http://ifmr.ac.in/
7. http://www.nationmaster.com/index.php
8. http://www.investopedia.com/search/searchresults.aspx?q=microfinance&submit=Search
9. http://www.indiamicrofinance.com/
10. http://www.youtube.com/
11. http://www.microfinanceinsights.com/
12. http://www.kiva.org/
13. http://www.visionfundinternational.org/VisionFund/VisionFundweb.nsf/maindocs/2AF707594FF2A
938882575E100664048?opendocument
14. http://www.facebook.com/microloans?ref=search&sid=1186946393.1488703645..1
15. http://en.wikipedia.org/wiki/Microfinance
16. http://lnweb90.worldbank.org/exteu/SharePapers.nsf/7795535c333f8172c1257162003d5b69/0a0e95
f1471f1d4c852571fd004dae86/$FILE/Alok%20Misra.pdf
17. http://www.scribd.com/doc/15792399/Micro-Finance-Last-Ppt
18. Bhaduri, Amit (1973). “A Study in Agricultural Backwardness under Semi-Feudalism”.
Economic Journal, 83: 120–137.
19. Boudreaux, Karol, and Tyler Cowen (2008). “The Micromagic of Microcredit”. Wilson
Quarterly, Winter.
20. Chowdhury, Anis and Iyantul Islam (1993). The Newly Industrialising Economies of East
Asia. Routledge, London,
21. Daley-Harris, Sam (2007). “Debate on Microcredit”. Foreign Policy in Focus,
http://www.fpif.org/fpiftxt/4324, accessed on Dec. 2, 2008.
22. Dasgupta, Partha (1995). An Inquiry into Well-Being and Destitution. Oxford University
Press, Oxford.
23. Dichter, Thomas (2006). “Hype and Hope: The Worrisome State of the Microcredit
Movement”. The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done
So Much Ill and So Little Good. Penguin Press, New York.
24.Hulme, David, and Paul Mosley (1996). Finance Against Poverty. Routledge, London. Huq, Hamidul
(2004) “Surviving in the world of microdebt: A case from rural Bangladesh” in Hotze Lont and Otto
Hospes (eds.) Livelihood and Microfinance, Delft: Eburon.
25. Jain, Pankaj, and Mick Moore (2003). “What makes Microcredit Programme Effective? Fashionable
Fallacies and Workable Realities”. IDS Working Paper 177, Institute of Development Studies,
University of Sussex, Brighton.
26. Jomo K. S. [ed.] (2001). Southeast Asia’s Industrialization: Industrial Policy, Capabilities and
Sustainability. Palgrave, Houndmills.