Recent Development of Microfinance in India

Tripathi, Vivek; Tripathi, Vineet Kumar

doi:10.2139/ssrn.2462251

Cited by 4 publications

(2 citation statements)

References 29 publications

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“…There is clear evidence that states with a higher level of microfinance outreach are also the states having relatively a high level of economic empowerment of women (Laha et al, 2014). The higher degree of asset creation is visible through the establishment of the micro-enterprises with efficient bank linkages (Tripathi & Tripathi, 2018) for the excluded communities.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring the Impact of Microfinance on Economic Enhancement of Women: Analysis with Special Reference to India

Samineni

Ramesh

2020

Global Business Review

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Enhancing economic opportunities among the self-help groups (SHG), women through micro-credit is considered to be a major resource. The aspiration is to build resilient livelihoods through SHGs for graduating into small enterprises through efficient microfinance outreach. It is the dream objective with the efficient SHG–bank linkages to be acheived. Previously, SHGs were focused only on saving skills, but now the emphasis is to enhance economic opportunities through exposure to income-generating activities and build confidence to earn and handle money. In India, few states with a higher level of microfinance outreach are the states with relatively high levels of economic enhancement. In this facet, the methodological aspects of the journey of microfinance towards unleashing the power of women in India is systematically analysed, and the state-wise analysis of women’s economic enhancement performance is examined. In the light of empirical evidence, a wide variation in the outreach of microfinance intervention to the poor women is observed across the regions of the country. Women’s empowerment is seen as the progressive index for development. Across India, only 11 states have women empowerment index more than 1, while the remaining states score lower than 1. The strategy is to train and promote talented women to establish micro-enterprises for earning recurring income. For understanding the status of women across the country the mean analysis between the regions was done using two variables. The results confirm that the southern and eastern regions lead in dispersion (MD1) of funds, whereas microfinance access (MD2) is dominant in southern and central regions, indicating relatively high levels of economic enhancement. It is, thus, assumed that microfinance in true spirit can be a useful tool for achieving vibrant growth by narrowing the non-performing assets (NPAs) of the SHGs and channelizing the resources into micro-level planning and training for self-sustenance.

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Section: Literature Reviewmentioning

confidence: 99%

Measuring the Impact of Microfinance on Economic Enhancement of Women: Analysis with Special Reference to India

Samineni

Ramesh

2020

Global Business Review

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“…Since the 2008-09 global credit crunch, small businesses have faced heightened financing challenges as lending institutions became more stringent with the lending policy for fear of iterating the same scenario (Miller, 2016;Tripathi & Tripathi, 2018). While small businesses were being prompted to increase their leverage as a strategy for mitigating the effects of crisis, lending institutions in OECD countries on the other hand were being forced to rigorously tighten their lending rules so as to streamline their balance sheets in accordance with prudent accounting rules and regulations through deleveraging(United Nations ESCAP, 2017).…”

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confidence: 99%

Financing Options and Sustainable Small Business Growth in Uganda: An Optimal Model

Nuwagaba¹,

Nyende²,

Namanya³

2021

IBR

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Small businesses in Uganda continue to lag behind trends in terms of sales turnover profitability, employee growth, while others rarely live to celebrate their first birthday due to various constraints of which financing is at the forefront. This study set out to determine the relationship between various financing options and sustainable small business growth so as to suggest an optimal financing model to ensure sustainable small businesses. The study adopted a cross-sectional descriptive survey design to analyse a sample of 399 small businesses which were selected using stratified random sampling from Kampala Metropolitan Area. Data were collected using a researcher administered structured questionnaire and analysed using descriptive statistics. The relationship between the variables was determined using Spearman’s rank correlation coefficeint. The study established that there is a weak positive significant correlation between traditional debt finance and sustainable small business growth, a strong positive significant correlation between asset-based finance and sustainable small business growth, and a strong positive significant correlation between crowdfunding and sustainable small business growth. The study further established that there is a moderate positive significant relationship between equity finance and sustainable small business growth. The study concluded that improving on the available financing options would improve on the sustainable small business growth. It is recommended that the ideal model for financing small businesses should be the integration of the financing options, but giving priority to; asset based lending, crowdfunding, equity finance and lastly traditional debt finance.

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Micro Finance Institutions and Their Importance in Growing Economic Development: A Study of Rural Indian Economy

Dixit¹,

Al-Kake²,

Ahmed³

2019

RJOAS

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In a country like India 70 percent of the population lives in rural areas while the rest of the population i.e. 30 percent resides in urban areas and 60 percent approx. depend on agriculture (according to the World Bank reports. In this rural India with having second largest population needs NGOs like SHG needs cooperative helping hands. Non-Government organization is playing crucial in the economic development of India. Non-Government organization is not confine up to registered organization like big renowned NGOs its includes small level social help group i.e. Self Help Group on village level, local women skilled help group etc. The purpose of this research paper is to identify how microfinance is made available in the rural areas for needy people and also how the microfinance institutions can check or reduce the poverty with the help of providing microfinance. For critical analysis of the research, data has been collected through secondary available sources and comparative analysis has been done for reaching to conclusion.

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Recent Development of Microfinance in India

Cited by 4 publications

References 29 publications

Measuring the Impact of Microfinance on Economic Enhancement of Women: Analysis with Special Reference to India

Measuring the Impact of Microfinance on Economic Enhancement of Women: Analysis with Special Reference to India

Financing Options and Sustainable Small Business Growth in Uganda: An Optimal Model

Micro Finance Institutions and Their Importance in Growing Economic Development: A Study of Rural Indian Economy

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