Record Details

Poverty and Inequality: Micro Finance on Gradual Poverty Reduction in Nepal

Socio-Economic Development Panorama

View Archive Info
 
 
Field Value
 
Title Poverty and Inequality: Micro Finance on Gradual Poverty Reduction in Nepal
 
Creator Sigdel, Bamadev; People's Campus
 
Subject Economics
Poverty; Inequality; Grassroot level; Globalization; Microfinance activities; Constraints
 
Description Poverty and inequality bears structural characteristics for Nepal. Feudal system, under-developness, bias planning in the past were the causes of poverty and inequality in Nepal. Besides, low profile of agricultural growth, low pace of industrial development and under utilization human and natural resources were also the causes of poverty and inequality in Nepal. Urban bias mode of development aggravated regional disparity, this also widened gap between haves and haves not.  Land and resource's un-equal distribution, regressive public policy further feuled this situation. Micro Finance (MF) could break existing culture of poverty especially on behalf of rural poor households, disadvantaged, destitute, women, etc. Efforts of Micro Finance Institutions (MFIs) for the expansion of MF outreach is not sufficient enough. Nepal had induced various models of micro-finance. But she lags her own indigenous model. How many MF players in this sector are still unknown.  There lags single concrete MF policy to regulate, to supervise and to access such MFIs activities. Commitment for Millennium Development Goals (MDGs) by Nepal and opening of service sector to the foreigners by 2010 urge MF players to have consensus, commitment and engage in this sector on sustainable way.   Socio-Economic Development Panorama, Vol. 1, No. 2(2007) pp. 111-123
 
Publisher HARD-NEPAL and Pro-Con
 
Contributor —
 
Date 2008-06-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
—
 
Format application/pdf
 
Identifier http://www.nepjol.info/index.php/sedp/article/view/1053
 
Source Socio-Economic Development Panorama; Vol 1, No 2 (2007); 111-123
1999-3536
 
Language eng
 
Relation http://www.nepjol.info/index.php/sedp/article/view/1053/1069
 
Coverage Nepal
—
—