MicrofinanceChanges Demanded         Mentor   MR. PARTHA CHATTERJEE    Faculty of Management        Presented By         S...
What is Microfinance?Microfinance is a general term to describe financialservices to low-income groups including, selfempl...
Facts File about MFIs Company   Services available at rural areas of a country   Interest rate charged between 15% to 36...
Legal forms of MFIs   NGO MFIs – Registered under Societies    Registration Act, 1860 and / or Indian Trust    Act, 1882...
What is Micro CreditMicrocredit can be defined as the provision of credit services to poor clients.Objectives of Micro Cre...
Interest Profits                                             Rs in CroresCompany Name          2007-08                2009...
Revolving Fund Assistance to MFIs                25                20Rs(in crores)                15                10    ...
UNEMPLOYMENT RATE                      12                      10Percentage                       8                       ...
Question   Why they need so much of profit?   Whether they are able stop suicide among    the farmers ?   Why interest ...
Recommendation   Interest rate should be regularize by RBI    or NABARD.   Interest rate should be minimized.   MFIs sh...
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Microfinance

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Microfinance

  1. 1. MicrofinanceChanges Demanded Mentor MR. PARTHA CHATTERJEE Faculty of Management Presented By Santanu Ghosh MBA 2ND Year
  2. 2. What is Microfinance?Microfinance is a general term to describe financialservices to low-income groups including, selfemployed or to those who do not have access totypical banking services. ServicesMicro Credit Savings Micro Insurance Fund Transfer
  3. 3. Facts File about MFIs Company Services available at rural areas of a country Interest rate charged between 15% to 36%. Loan amount varies from Rs.5000-Rs.30000 More than 1000 company operating. Installment is paid weekly with interest.
  4. 4. Legal forms of MFIs NGO MFIs – Registered under Societies Registration Act, 1860 and / or Indian Trust Act, 1882 Cooperative MFIs – Registered under State Cooperative Societies Act or Mutually Aided Cooperative Societies Act (MACS) or Multi- State Coop. Societies Act, 2002 NBFC MFIs incorporated under Section 25 of Companies Act, 1956 (not for profit) NBFC MFIs incorporated under Companies Act, 1956 & registered with RBI
  5. 5. What is Micro CreditMicrocredit can be defined as the provision of credit services to poor clients.Objectives of Micro CreditAlleviation of PovertyEmpowerment of womenIncome Generation
  6. 6. Interest Profits Rs in CroresCompany Name 2007-08 2009-10 SKS Microfinance 170.1 958.92 Bandhan 6.56 222.11 BSS 7.03 155.38 Share microfinance 113.08 475.27 Grameen FS 82.65 327.35 Spandana 127.45 724.09 Spoorthy Ujjivan 36.37 372.89 As published in Dainik Jagran
  7. 7. Revolving Fund Assistance to MFIs 25 20Rs(in crores) 15 10 5 0 2007-08 2008-09 2009-10 Rs 8.06 6.25 22.55 Source: NABARD
  8. 8. UNEMPLOYMENT RATE 12 10Percentage 8 6 4 2 0 2003 2004 2005 2006 2007 2008 2009 2010 UNEMPLOYMENT 8.8 9.5 9.2 8.9 7.8 7.2 6.8 10.7 RATE
  9. 9. Question Why they need so much of profit? Whether they are able stop suicide among the farmers ? Why interest rate of microfinance company is so high? Is they are restricted to their objective?
  10. 10. Recommendation Interest rate should be regularize by RBI or NABARD. Interest rate should be minimized. MFIs should check whether there money properly used for the purpose loan is taken.
  11. 11. Thank You

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