Microfinance

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Microfinance

  1. 1. MICROFINANCE PRESENTED BY, M.HIMABINDU
  2. 2. INTRODUCTION:- MICROFINANCE PROVIDES FINANCIAL SERVICES TO LOW INCOME PEOPLE AND SELF EMPLOYED WHO TRADITIONLLY LACK ACCESS TO BANK.
  3. 3. FINANCIAL NEEDS:- PERSONAL EMERGENCIES:- SICKNESS,INJURY,UNEMPLOYMENT. DISASTERS:-FLOODS,CYCLONES,FIRE ACCIDENTS. LIFE CYCLE:-WEDDING,FUNERAL,EDUCATION,CHLD BIRTH
  4. 4. ORIGIN:- MICROFINANCE INSTITUTIONS WERE STARTED AFTER LAUNCHING “VISION-20” BY MR.N.CHANDRABABU NAIDU GARU. SKS WAS THE FIRST MFI TO GET REGISTERED WITH THE STOCK EXCHANGE. THE CHAIRMAN OF SKS IS MR.VIKRAM AKULA.
  5. 5. ESTABLISHMENT:-NAME DATE YEARSHARE 20.APRIL 1999MICROFINANCESKS 22 ,SEP 2003SPANDANA 10, MAR 2003SPURTHINIRMAL 3, JAN 1995
  6. 6. BANKS:- BANKS LIKE ANDHRA BANK,ICICI BANK,SBI BANK HAVE GOOD EXPOSURE. IN THE YEAR 2009-2010 BANKS GAVE UPTO 9000CR ONLY BUT MFI GAVE 12000CR.
  7. 7. BANKS:- THE TOTAL EXPOSURE OF BANKS TO THE MFI SECTOR COULD BE ABOVE 12000CR. IN THE YEAR 2004,FARMERS WERE UNABLE TO GET LOANS FROM BANKS BUT MFI HAS PROVIDD LOANS AT HIGH INTEREST RATES.
  8. 8. INTEREST RATES:- BANKS INTEREST RATES ARE 10%-12%AND NOT MORE THAN THIS. BANKS MINIMUM RATE OF INTEREST IS 8% AND MAXIMUM INTEREST RATE IS 12%. MFI’S COLLECT HIGHER INTEREST RATES WHICH IS NEARLY 26%,MORE THAN BANK.
  9. 9. INTEREST RATES:- BUT THE STATE GOVT. HAS PASSED AN ORDINANCE WHICH DID NOT CONTAIN ANY PERMITTED OR PARTICULAR INTEREST RATES.
  10. 10. VICTIMS OF MFI:-
  11. 11. BETTER CONTROL:- THE GOVT. SHOULD PROVIDE LOANS TO PEOPLE REQUIREMENTS AT MINIMUM RATE OF INTEREST. MFI’S SHOULD PROVIDE LOANS AT LESS RATE OF INTEREST. MULTIPLE LENDING BY MFI’S SHOULD BE AVOIDED. THE STATE GOVT. SHOULD HAVE CHECK OVER MFI’S AS IT IS DONE IN CASE OF BANKS.
  12. 12. THANK YOU....

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