Record Details

MICROFINANCE: A TOOL FOR POVERTY ALLEVIATION

Journal of Research in Commerce & Management

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Title MICROFINANCE: A TOOL FOR POVERTY ALLEVIATION
 
Creator Kavita Kumra, Dr. Vijay Kumar Sharma, .; 14/2,Yusuf Palace, Mumbai 400 016
 
Subject Microfinance, SHG’s, poverty alleviation, Bank Linkage Program
 
Description India, one of the fastest growing economies in the world, is still battling with the issue of poverty. Rural Indians depend on unpredictable agricultural incomes, while urban Indians rely on jobs that are, at best, scarce. Since independence, the issue of poverty within India has remained a prevalent concern. This paper attempts to critically analyse the role of microfinance as a poverty alleviation tool. Where on one hand, Microfinance has emerged as a new form of institutional credit to bridge the gap in accessing credit facilities for the excluded sections of the people, on the other, its impact on poverty reduction still remains a doubt. Microfinance scheme provides a wide range of financial services to the people who have little or nothing in the way of traditional collateral. The prospect of Micro-Finance is dominated by SHGs (Self Help Groups) - Banks linkage Program. However, for any significant dent on poverty, the focus of the scheme should be on productive employment generation and training for entrepreneurial skill development.
 
Publisher Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166)
 
Contributor —
 
Date 2018-02-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://abhinavjournal.com/journal/index.php/ISSN-2277-1166/article/view/1712
 
Source Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166); Vol 7, No 2 (2018): Abhinav-National Monthly Refereed Journal Of Research In Commerce & Management (Online ISSN 2277-1166) UGC approved; 67-72
2277-1166
 
Language eng
 
Relation http://abhinavjournal.com/journal/index.php/ISSN-2277-1166/article/view/1712/pdf_457
 
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