Briefly registers my protest against the proposed implementation of NYAYA by the Indian National Congress. It opposes the very idea of unsustainable cash handouts to the indigent.
The document discusses financial inclusion in India and the Reserve Bank of India's efforts toward achieving it. It provides an overview of the objectives of financial inclusion, which include increasing savings, investment, and economic growth by bringing the unbanked masses into the formal banking system. It notes that while progress has been made, access to financial services remains limited. The Reserve Bank of India has adopted a structured approach focused on both supply-side and demand-side constraints, using banks as the main vehicles for inclusion but allowing partnerships with non-banks. More efforts are still needed to achieve universal financial inclusion across India.
The document discusses malnutrition in India and proposes solutions. It notes that 32.7% of Indians are malnourished according to international standards. It analyzes problems with the Public Distribution System including corruption, insufficient shops relative to population, and political issues. It recommends increasing attention and investment, expanding the role of NGOs, implementing the Food Security Bill and Direct Cash Transfer schemes, and promoting a unified effort across sectors to address the complex issue of malnutrition in India.
The document summarizes concerns about the Direct Cash Transfer (DCT) scheme proposed by the UPA government in India. It notes that while the scheme aims to directly benefit the poor, there are significant issues with infrastructure and the potential for corruption. Specifically, it raises concerns that 1) Aadhaar identification and bank account linkages are incomplete, 2) banks are reluctant to operate in rural areas, 3) the ground realities of limited infrastructure make nationwide rollout difficult, and 4) without proper controls, the large funds involved could enable another major scam similar to MGNREGA. As such, the document casts doubt on whether the scheme will truly benefit the poor or be "a bribe in unknown form" that politicians could
Impact of rural credit and finance on rural (1)Akash Molla
This document discusses the impact of rural credit and finance on rural consumerism in India. It outlines several reasons why rural populations need access to credit, including insufficient credit to meet agricultural needs, inadequate loan amounts, and lack of attention to small/marginal farmers' needs. It also describes the types of institutional and non-institutional credit sources available in rural areas and how expanded access to rural finance through commercial banks and other institutions has promoted agricultural growth, improved rural wages and lifestyles, protected vulnerable households, and restored demand for goods, thereby positively impacting rural consumerism.
The document summarizes a speech given by the UN Secretary-General's Special Advocate for Inclusive Finance for Development announcing the launch of the Better Than Cash Alliance. The key points are:
1) The Alliance will support commitments to financial inclusion and accelerate progress towards making financial services available to all.
2) Moving away from cash transactions towards electronic payments will benefit individuals, businesses, governments, and economies by reducing costs and inefficiencies associated with physical cash.
3) The Alliance aims to not just replace cash, but promote savings and bring more people and enterprises into the formal economy to increase transparency, accountability, and access to benefits.
The document discusses financial inclusion in India and the Reserve Bank of India's efforts toward achieving it. It provides an overview of the objectives of financial inclusion, which include increasing savings, investment, and economic growth by bringing the unbanked masses into the formal banking system. It notes that while progress has been made, access to financial services remains limited. The Reserve Bank of India has adopted a structured approach focused on both supply-side and demand-side constraints, using banks as the main vehicles for inclusion but allowing partnerships with non-banks. More efforts are still needed to achieve universal financial inclusion across India.
The document discusses malnutrition in India and proposes solutions. It notes that 32.7% of Indians are malnourished according to international standards. It analyzes problems with the Public Distribution System including corruption, insufficient shops relative to population, and political issues. It recommends increasing attention and investment, expanding the role of NGOs, implementing the Food Security Bill and Direct Cash Transfer schemes, and promoting a unified effort across sectors to address the complex issue of malnutrition in India.
The document summarizes concerns about the Direct Cash Transfer (DCT) scheme proposed by the UPA government in India. It notes that while the scheme aims to directly benefit the poor, there are significant issues with infrastructure and the potential for corruption. Specifically, it raises concerns that 1) Aadhaar identification and bank account linkages are incomplete, 2) banks are reluctant to operate in rural areas, 3) the ground realities of limited infrastructure make nationwide rollout difficult, and 4) without proper controls, the large funds involved could enable another major scam similar to MGNREGA. As such, the document casts doubt on whether the scheme will truly benefit the poor or be "a bribe in unknown form" that politicians could
Impact of rural credit and finance on rural (1)Akash Molla
This document discusses the impact of rural credit and finance on rural consumerism in India. It outlines several reasons why rural populations need access to credit, including insufficient credit to meet agricultural needs, inadequate loan amounts, and lack of attention to small/marginal farmers' needs. It also describes the types of institutional and non-institutional credit sources available in rural areas and how expanded access to rural finance through commercial banks and other institutions has promoted agricultural growth, improved rural wages and lifestyles, protected vulnerable households, and restored demand for goods, thereby positively impacting rural consumerism.
The document summarizes a speech given by the UN Secretary-General's Special Advocate for Inclusive Finance for Development announcing the launch of the Better Than Cash Alliance. The key points are:
1) The Alliance will support commitments to financial inclusion and accelerate progress towards making financial services available to all.
2) Moving away from cash transactions towards electronic payments will benefit individuals, businesses, governments, and economies by reducing costs and inefficiencies associated with physical cash.
3) The Alliance aims to not just replace cash, but promote savings and bring more people and enterprises into the formal economy to increase transparency, accountability, and access to benefits.
Indiamicrofinance.com I Guide To Success I Biswa MicrofinanceIndia Microfinance
http://www.indiamicrofinance.com/
A training Manual of Biswa Microfinance which provides an introduction about the organisation and a weekly planner for the company's employees.
NRLM Key Policy and Programmatic Pointers 100610jiteshindia
The document summarizes the key components and strategies of the National Rural Livelihoods Mission (NRLM) in India, which aims to reduce poverty among rural households through self-employment opportunities. It identifies several gaps in the previous Swarnajayanti Gram Swarozgar Yojana (SGSY) program, such as an uneven focus on group-based micro-enterprises rather than individual enterprises or existing businesses. The document provides feedback on improving the NRLM by making it more demand-driven, focusing on individual livelihoods, strengthening business support services, and improving monitoring and evaluation at local levels.
This document provides an overview of the history and development of credit policy for agriculture in India. It discusses how rural indebtedness has long been a problem and the various steps taken over time to address this, including establishing co-operative credit societies in 1904, priority sector lending requirements for banks in 1972, establishing regional rural banks in 1975, and developing new programs like interest subvention, debt waiver schemes, self-help groups, and financial inclusion initiatives. It also analyzes trends in the sources and growth of agricultural credit over time from different institutional agencies.
The document discusses various government subsidy schemes in India like the Public Distribution System (PDS), fertilizer subsidies, and kerosene subsidies. It notes there are significant leakages in these schemes due to issues like the inclusion of ineligible beneficiaries, diversion of supplies, and lack of proper monitoring. The document also discusses proposals to reform these schemes by replacing subsidies with direct cash transfers to beneficiaries.
The document discusses rural financing and development in India. It notes that about 50% of Indian villages have poor socioeconomic conditions and lack basic infrastructure. Rural populations rely on informal credit sources like money lenders who charge high interest rates, trapping borrowers in debt. Several reforms were introduced to improve access to formal credit, including NABARD, regional rural banks, self-help groups, and microfinance institutions which provide loans at lower rates. Rural marketing also plays an important role, with companies like Amul and Coca-Cola directly targeting vast rural consumer bases through extensive rural distribution networks.
The document discusses guidelines for promoting gender equality among partners of Concern Worldwide India. It provides context on CWI's work to reduce poverty and inequality in India. It outlines an equality audit conducted with six partners in Odisha to identify challenges and opportunities to promote equality in organizational systems, management, programs and practices. The audit examined issues like gender inequalities, caste discrimination and marginalization of tribal communities in Indian society, with the goal of helping CWI and partners better include the most vulnerable groups.
The document discusses rural credit and financial market development in low-income countries. It summarizes the shift from supply-leading credit policies to a liberalization approach that challenges policies like interest rate subsidies and directed credits. It then discusses several policy implications for rural credit programs, including the effects of low interest rates, marginal efficiency of capital, market-determined rates, savings mobilization, loan recovery rates, and addressing market failures. It argues for integrating fragmented rural credit markets through programs encouraging joint lending between financial institutions and rural lenders. Overall, the document analyzes how to balance market efficiency and equity in rural credit through reforms that maximize access and productivity for small farmers.
The document discusses rural credit in India. It explains that rural economies depend on credit between agricultural seasons as there is a long gap between sowing seeds and generating income. It then outlines the history of rural credit in India, including exploitative moneylenders prior to independence and the establishment of institutions like NABARD to regulate rural financing. Today, rural credit is provided by various institutions at lower interest rates. The document also categorizes rural credit into short term loans (under 1 year), medium term loans (2-5 years), and long term loans (5-20 years) and explains their purposes. Finally, it lists reasons for rural credit needs like long gestation periods of crops and funds required for inputs and personal expenses
This document provides an overview of a study on awareness and perceptions of rural people about microfinance services in the Block Israna region. It includes an introduction to microfinance concepts and the history and development of microfinance in India. The study was conducted by Sushila for her pre-PhD coursework under the supervision of Dr. Bhavna Sharma at Bhagat Phool Singh Mahilla Vishawavidayala. The document outlines the research methodology used in the study and provides tables of contents for the various sections to be included.
1. The document discusses the role of Regional Rural Banks (RRBs) in providing credit to rural areas in India, specifically Jammu and Kashmir. RRBs were established to fulfill credit needs that commercial banks and cooperatives were not addressing.
2. It provides background on the rural credit system in India and need for institutional credit among farmers. RRBs aim to provide financial assistance to small and marginal farmers.
3. The document examines the progress of three RRBs operating in Jammu and Kashmir - Jammu Rural Bank, Kamraj Rural Bank, and Ellaquai Dehati Bank. It explores trends in RRB development and constraints they face like non-performing assets.
Role of microfinance institution of pakistan for poverty alleviationMuhammad ALI RAZA
The document discusses microcredit as a tool for poverty alleviation in Pakistan. It provides background on various microfinance institutions and programs in Pakistan, established since the 1980s by organizations like the Aga Khan Rural Support Programme and Sarhad Rural Support Programme. Studies have found that microcredit has helped create self-employment opportunities and lift people out of poverty by making them creditworthy. However, not all potential recipients in places like Dera Ismail Khan have taken advantage of microcredit due to lack of awareness, high interest rates, and insufficient loan amounts. The literature review discusses research evaluating the role of institutions like Khushali Bank and programs funded by PPAF in improving living conditions and quality of life for the poor in Khyber
This document provides an introduction to self-help groups (SHGs) in India. SHGs are informal associations of poor people who come together to improve their living conditions through collective efforts. They are formed to tackle problems related to poverty, illiteracy, lack of skills and access to formal credit that individuals cannot address alone. The goals of SHGs are to build trust between rural poor communities and bankers and encourage banking in hard to reach populations. SHGs function by members contributing small regular savings to a common fund and taking short term loans for economic activities. This empowers women and improves access to financial services, consumption, housing, health and government programs for marginalized groups. However, challenges remain regarding skills development, patriarch
Central Government Pensioners Forum, Vijayawada, an affiliate of Bharat Pensioners Samaj, New Delhi, held a Convention of pensioners assns from 10.00 am to 2.00 pm on 26-07-2015 . Shri S.C. Maheshwari, Secretary General, Bharat Pensioners Samaj, New Delhi was the Chief Guest, Shri M. Somasekhara Rao, Vice-President, South Zone, Bharat Pensioners Samaj, Hyderabad presided over the Convention The Convention was addressed among others by S / Sri S.S. Dubey, M. Chandramowli, R.L.N. Ratnam , D.S. Sastry, P.R.K. Murthy, P. Narsimham, N. Narayana, M. Mallaiah, A. Venkatappaiah, Veeramani, Ch. Parameswara Reddy and others. All the speakers stressed the need of uniting all pensioners under the banner of Bharat Pensioners Samaj. Several senior pensioners above 80 years of age were honoured on the occasion. While Sri W. Hanumantha Rao, Chairman / Reception Committee welcomed the gathering, Sri S. A. Rehman, Secretary proposed a vote of thanks. About 300 representatives of pensioners organizations from several places of AP state attended the Convention.S.A. Rehman
The role of an NGO is vital in the progress of a socio-economic environment like India. Support Akshaya Patra and secure the future of Indian children.
Microfinance and strategy of financial inclusion in indiaAlexander Decker
This document discusses microfinance and financial inclusion in India. It notes that while India has made progress in expanding access to banking, many rural and low-income populations still lack access to formal financial services. Microfinance institutions like self-help groups have played an important role in promoting financial inclusion. The document examines different approaches to financial inclusion in India, the role of banks and microfinance, and challenges remaining around expanding access in a sustainable way.
Rural Finance Study an understanding of a number of banks and finance companies have begun to specialize in offering credits to farmers, farming finance is a service of utmost importance and closely related to the continued progress of the country as agriculture continues to play a center role. It promoting by RC&M India Experiential Marketing & brand promotions Company.
This document provides information on various types of agricultural credit and retail banking products in India. It discusses the four stages of agricultural credit development since 1904 and the role of organizations like NABARD. It also describes various government sponsored schemes for agriculture like SGSY, SJSRY, and PMRY. The document outlines different types of agricultural loans like direct/indirect credit and microfinance approaches like self-help groups. It concludes by covering retail banking products like housing loans, consumer loans, credit cards, and personal/educational loans.
This document summarizes a study on personal installment loan services provided by local and foreign commercial banks and NGOs in Bangladesh in 2015. It finds that personal installment loans have grown popular among medium-low income customers. Foreign banks and NGOs generally provide more prompt service than local banks regarding loan facilities, terms, and conditions, though NGOs charge higher fees. Foreign banks and NGOs also have more advanced technology and customer service than local banks. The study highlights differences in personal loan features between banks and NGOs, as well as total amounts disbursed, outstanding, and customers served by each.
This document discusses agricultural cooperatives in India. It begins by defining cooperatives and outlining the Rochdale Principles of cooperation. It then describes the three-tier structure of cooperative credit institutions in India and provides statistical data on the number, membership, and finances of primary agricultural cooperatives from 1990-1991 to 2010-2011. The document highlights the roles of primary cooperative credit societies, district cooperative central banks, and state cooperative banks in India's cooperative system.
This document summarizes the role of banks in providing microfinance in India. It discusses how microfinance helps low-income groups and self-employed individuals by providing small loans and other financial services. Over 7 million self-help groups are connected to banks in India, saving over Rs. 701630.28 lakhs. Commercial banks disbursed the most loans to self-help groups, but cooperative banks need to improve their microfinance performance. While microfinance has helped reduce poverty, banks must continue expanding access to credit and work to lower default rates in order to maximize microfinance's benefits.
140301050136 igidr poor financial inclusion in rural areas of chhattisgarhgudu123
Poor financial inclusion persists in rural areas of Chhattisgarh, India despite government efforts over decades. While nationalized banks and microfinance programs have expanded access, the majority of rural poor still rely on expensive informal lenders due to a lack of suitable financial products and physical access to banks. Barriers to inclusion include irregular incomes, lack of collateral for loans, and remoteness of many villages. Improving access will require new products tailored to the needs and cash flows of rural households as well as expanding infrastructure and outreach of formal institutions.
The Seventh Bharat Ratna Rajiv Gandhi Memorial Lecture was delivered by Dr. C. Rangarajan, the then Chairman of the Economic Advisory Council to the Prime Minister of India, on 20 August, 2008 at Hotel Bliss, Tirupati, Andhra Pradesh, under the aegis of the Academy of Grassroots Studies and Research of India (AGRASRI), Tirupati, Andhra Pradesh. Dr. D. Sundar Ram, Director of the AGRASRI, Co-ordinate the programme.
Indiamicrofinance.com I Guide To Success I Biswa MicrofinanceIndia Microfinance
http://www.indiamicrofinance.com/
A training Manual of Biswa Microfinance which provides an introduction about the organisation and a weekly planner for the company's employees.
NRLM Key Policy and Programmatic Pointers 100610jiteshindia
The document summarizes the key components and strategies of the National Rural Livelihoods Mission (NRLM) in India, which aims to reduce poverty among rural households through self-employment opportunities. It identifies several gaps in the previous Swarnajayanti Gram Swarozgar Yojana (SGSY) program, such as an uneven focus on group-based micro-enterprises rather than individual enterprises or existing businesses. The document provides feedback on improving the NRLM by making it more demand-driven, focusing on individual livelihoods, strengthening business support services, and improving monitoring and evaluation at local levels.
This document provides an overview of the history and development of credit policy for agriculture in India. It discusses how rural indebtedness has long been a problem and the various steps taken over time to address this, including establishing co-operative credit societies in 1904, priority sector lending requirements for banks in 1972, establishing regional rural banks in 1975, and developing new programs like interest subvention, debt waiver schemes, self-help groups, and financial inclusion initiatives. It also analyzes trends in the sources and growth of agricultural credit over time from different institutional agencies.
The document discusses various government subsidy schemes in India like the Public Distribution System (PDS), fertilizer subsidies, and kerosene subsidies. It notes there are significant leakages in these schemes due to issues like the inclusion of ineligible beneficiaries, diversion of supplies, and lack of proper monitoring. The document also discusses proposals to reform these schemes by replacing subsidies with direct cash transfers to beneficiaries.
The document discusses rural financing and development in India. It notes that about 50% of Indian villages have poor socioeconomic conditions and lack basic infrastructure. Rural populations rely on informal credit sources like money lenders who charge high interest rates, trapping borrowers in debt. Several reforms were introduced to improve access to formal credit, including NABARD, regional rural banks, self-help groups, and microfinance institutions which provide loans at lower rates. Rural marketing also plays an important role, with companies like Amul and Coca-Cola directly targeting vast rural consumer bases through extensive rural distribution networks.
The document discusses guidelines for promoting gender equality among partners of Concern Worldwide India. It provides context on CWI's work to reduce poverty and inequality in India. It outlines an equality audit conducted with six partners in Odisha to identify challenges and opportunities to promote equality in organizational systems, management, programs and practices. The audit examined issues like gender inequalities, caste discrimination and marginalization of tribal communities in Indian society, with the goal of helping CWI and partners better include the most vulnerable groups.
The document discusses rural credit and financial market development in low-income countries. It summarizes the shift from supply-leading credit policies to a liberalization approach that challenges policies like interest rate subsidies and directed credits. It then discusses several policy implications for rural credit programs, including the effects of low interest rates, marginal efficiency of capital, market-determined rates, savings mobilization, loan recovery rates, and addressing market failures. It argues for integrating fragmented rural credit markets through programs encouraging joint lending between financial institutions and rural lenders. Overall, the document analyzes how to balance market efficiency and equity in rural credit through reforms that maximize access and productivity for small farmers.
The document discusses rural credit in India. It explains that rural economies depend on credit between agricultural seasons as there is a long gap between sowing seeds and generating income. It then outlines the history of rural credit in India, including exploitative moneylenders prior to independence and the establishment of institutions like NABARD to regulate rural financing. Today, rural credit is provided by various institutions at lower interest rates. The document also categorizes rural credit into short term loans (under 1 year), medium term loans (2-5 years), and long term loans (5-20 years) and explains their purposes. Finally, it lists reasons for rural credit needs like long gestation periods of crops and funds required for inputs and personal expenses
This document provides an overview of a study on awareness and perceptions of rural people about microfinance services in the Block Israna region. It includes an introduction to microfinance concepts and the history and development of microfinance in India. The study was conducted by Sushila for her pre-PhD coursework under the supervision of Dr. Bhavna Sharma at Bhagat Phool Singh Mahilla Vishawavidayala. The document outlines the research methodology used in the study and provides tables of contents for the various sections to be included.
1. The document discusses the role of Regional Rural Banks (RRBs) in providing credit to rural areas in India, specifically Jammu and Kashmir. RRBs were established to fulfill credit needs that commercial banks and cooperatives were not addressing.
2. It provides background on the rural credit system in India and need for institutional credit among farmers. RRBs aim to provide financial assistance to small and marginal farmers.
3. The document examines the progress of three RRBs operating in Jammu and Kashmir - Jammu Rural Bank, Kamraj Rural Bank, and Ellaquai Dehati Bank. It explores trends in RRB development and constraints they face like non-performing assets.
Role of microfinance institution of pakistan for poverty alleviationMuhammad ALI RAZA
The document discusses microcredit as a tool for poverty alleviation in Pakistan. It provides background on various microfinance institutions and programs in Pakistan, established since the 1980s by organizations like the Aga Khan Rural Support Programme and Sarhad Rural Support Programme. Studies have found that microcredit has helped create self-employment opportunities and lift people out of poverty by making them creditworthy. However, not all potential recipients in places like Dera Ismail Khan have taken advantage of microcredit due to lack of awareness, high interest rates, and insufficient loan amounts. The literature review discusses research evaluating the role of institutions like Khushali Bank and programs funded by PPAF in improving living conditions and quality of life for the poor in Khyber
This document provides an introduction to self-help groups (SHGs) in India. SHGs are informal associations of poor people who come together to improve their living conditions through collective efforts. They are formed to tackle problems related to poverty, illiteracy, lack of skills and access to formal credit that individuals cannot address alone. The goals of SHGs are to build trust between rural poor communities and bankers and encourage banking in hard to reach populations. SHGs function by members contributing small regular savings to a common fund and taking short term loans for economic activities. This empowers women and improves access to financial services, consumption, housing, health and government programs for marginalized groups. However, challenges remain regarding skills development, patriarch
Central Government Pensioners Forum, Vijayawada, an affiliate of Bharat Pensioners Samaj, New Delhi, held a Convention of pensioners assns from 10.00 am to 2.00 pm on 26-07-2015 . Shri S.C. Maheshwari, Secretary General, Bharat Pensioners Samaj, New Delhi was the Chief Guest, Shri M. Somasekhara Rao, Vice-President, South Zone, Bharat Pensioners Samaj, Hyderabad presided over the Convention The Convention was addressed among others by S / Sri S.S. Dubey, M. Chandramowli, R.L.N. Ratnam , D.S. Sastry, P.R.K. Murthy, P. Narsimham, N. Narayana, M. Mallaiah, A. Venkatappaiah, Veeramani, Ch. Parameswara Reddy and others. All the speakers stressed the need of uniting all pensioners under the banner of Bharat Pensioners Samaj. Several senior pensioners above 80 years of age were honoured on the occasion. While Sri W. Hanumantha Rao, Chairman / Reception Committee welcomed the gathering, Sri S. A. Rehman, Secretary proposed a vote of thanks. About 300 representatives of pensioners organizations from several places of AP state attended the Convention.S.A. Rehman
The role of an NGO is vital in the progress of a socio-economic environment like India. Support Akshaya Patra and secure the future of Indian children.
Microfinance and strategy of financial inclusion in indiaAlexander Decker
This document discusses microfinance and financial inclusion in India. It notes that while India has made progress in expanding access to banking, many rural and low-income populations still lack access to formal financial services. Microfinance institutions like self-help groups have played an important role in promoting financial inclusion. The document examines different approaches to financial inclusion in India, the role of banks and microfinance, and challenges remaining around expanding access in a sustainable way.
Rural Finance Study an understanding of a number of banks and finance companies have begun to specialize in offering credits to farmers, farming finance is a service of utmost importance and closely related to the continued progress of the country as agriculture continues to play a center role. It promoting by RC&M India Experiential Marketing & brand promotions Company.
This document provides information on various types of agricultural credit and retail banking products in India. It discusses the four stages of agricultural credit development since 1904 and the role of organizations like NABARD. It also describes various government sponsored schemes for agriculture like SGSY, SJSRY, and PMRY. The document outlines different types of agricultural loans like direct/indirect credit and microfinance approaches like self-help groups. It concludes by covering retail banking products like housing loans, consumer loans, credit cards, and personal/educational loans.
This document summarizes a study on personal installment loan services provided by local and foreign commercial banks and NGOs in Bangladesh in 2015. It finds that personal installment loans have grown popular among medium-low income customers. Foreign banks and NGOs generally provide more prompt service than local banks regarding loan facilities, terms, and conditions, though NGOs charge higher fees. Foreign banks and NGOs also have more advanced technology and customer service than local banks. The study highlights differences in personal loan features between banks and NGOs, as well as total amounts disbursed, outstanding, and customers served by each.
This document discusses agricultural cooperatives in India. It begins by defining cooperatives and outlining the Rochdale Principles of cooperation. It then describes the three-tier structure of cooperative credit institutions in India and provides statistical data on the number, membership, and finances of primary agricultural cooperatives from 1990-1991 to 2010-2011. The document highlights the roles of primary cooperative credit societies, district cooperative central banks, and state cooperative banks in India's cooperative system.
This document summarizes the role of banks in providing microfinance in India. It discusses how microfinance helps low-income groups and self-employed individuals by providing small loans and other financial services. Over 7 million self-help groups are connected to banks in India, saving over Rs. 701630.28 lakhs. Commercial banks disbursed the most loans to self-help groups, but cooperative banks need to improve their microfinance performance. While microfinance has helped reduce poverty, banks must continue expanding access to credit and work to lower default rates in order to maximize microfinance's benefits.
140301050136 igidr poor financial inclusion in rural areas of chhattisgarhgudu123
Poor financial inclusion persists in rural areas of Chhattisgarh, India despite government efforts over decades. While nationalized banks and microfinance programs have expanded access, the majority of rural poor still rely on expensive informal lenders due to a lack of suitable financial products and physical access to banks. Barriers to inclusion include irregular incomes, lack of collateral for loans, and remoteness of many villages. Improving access will require new products tailored to the needs and cash flows of rural households as well as expanding infrastructure and outreach of formal institutions.
The Seventh Bharat Ratna Rajiv Gandhi Memorial Lecture was delivered by Dr. C. Rangarajan, the then Chairman of the Economic Advisory Council to the Prime Minister of India, on 20 August, 2008 at Hotel Bliss, Tirupati, Andhra Pradesh, under the aegis of the Academy of Grassroots Studies and Research of India (AGRASRI), Tirupati, Andhra Pradesh. Dr. D. Sundar Ram, Director of the AGRASRI, Co-ordinate the programme.
Microfinance in India provides small loans and other financial services to the poor, especially women. Approximately 300 million people in India live below the poverty line, and only 20% have access to formal credit. Self-help groups are a common model, with groups of 10-20 women saving together and lending to each other. NABARD, India's agricultural bank, supports microfinance through refinancing loans and programs. Microfinance has grown substantially and helped many poor households rise out of poverty.
This document discusses microfinance and its role in poverty alleviation. It begins by defining microfinance as the provision of small loans, savings, and other basic financial services to the poor. It then discusses a central government project launched in 1999 aimed at raising individuals and groups above the poverty line through microloans. Key features of microloans discussed include formation of self-help groups and joint liability groups, eligibility criteria, loan purposes and terms. The document then lists some of the largest microfinance institutions and their outreach. It concludes by recommending that the government promote microfinance as a key strategy to reduce poverty while avoiding interest rate ceilings and direct involvement in retail microfinance.
Empowerment to Women. Women's empowerment can be defined to promoting women's sense of self-worth, their ability to determine their own choices. At Sampark org help women and children to grow their capabilities.
The document discusses microfinance in India. It notes that while India's economy grew rapidly in recent years, this growth did not improve living standards for the poor. Microfinance aims to provide financial services to low-income individuals who lack access to traditional banking. Key organizations in microfinance in India include self-help groups linked to banks, as well as large microfinance institutions that are beginning to partner with major banks and access capital markets. The microfinance sector has grown rapidly but still faces challenges in reaching all those in need and balancing social and profit motives as the industry professionalizes and expands.
The document discusses India's Direct Cash Transfer (DCT) scheme. It provides details on how the scheme works, targeting 200 million poor families and depositing Rs. 3.2 lakh crore annually into their bank accounts. It outlines the scheme's structure and implementation steps taken by the government. While the scheme aims to increase efficiency and reduce leaks, it also faces challenges in over-reliance on Aadhaar and ensuring privacy. Studies discussed show DCT schemes can influence voting patterns and be used as a political tool. Suggestions are made to improve the slow pace and impact of the DCT scheme in India.
This document provides an overview of a study on strategies for financial inclusion in Solapur District, India. It begins with background on financial inclusion concepts from prominent Indian leaders. It then reviews the status of financial inclusion in India and defines key terms. The document outlines the objectives and hypotheses of the study, which include analyzing barriers to and promoters of financial inclusion for weaker sections. The methodology discusses collecting primary data through surveys of managers, customers and government offices, as well as secondary data.
“Growth with Social Justice” has been the basic objective of the development planning in India since independence.In order to achieve these objectives,Government of India has launched several welfare schemes and programme for needy section of society. Different segment of population got benefitted by these welfare schemes, which have led to significant changes. Some of these changes are distinctly visible – especially in the economic sphere with the adoption of new technologies, diversified production, and sophisticated management. Changes have also taken place in the social sphere – with affirmative action for disadvantaged communities and with women enjoying by and large more freedoms than ever before. This seminar attempts to critically analyze the welfare efforts in India and how the changes occur over a period of time in these welfare programmes with special focus on poverty alleviation programme and women empowerment programmes.
This document is a proposal for a retirement fund scheme in India that targets lower income individuals. It proposes collecting small monthly contributions from a large number of people and investing the corpus in microfinance loans and bonds/funds to generate returns. The earnings would cover administrative costs and provide fixed pensions to contributors after retirement at age 55-58. As the majority of Indians have low incomes and lack retirement plans, the author argues more needs to be done to develop schemes catering to the masses before it can be said that India's retirement industry has "come of age".
The document discusses the Srinivasan Services Trust (SST), an organization that aims to eradicate poverty in rural India through entrepreneurship and self-help groups (SHGs). It describes how SST has helped improve living standards and income levels in many villages. However, the chairman believes they have barely scratched the surface and wants to accelerate earnings. Two model villages, Padavedu and Thirukkurungudi, generate income through various small businesses. But the businesses face constraints like weak marketing and risk aversion. The chairman sees potential for higher profits but villagers need additional skills to expand and take more risks.
A Snapshot On The Overall Performance of The Financial Inclusion Initiatives ...VARUN KESAVAN
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Financial refers to all types of financial services, including savings, payments and credit from all types of formal financial institutions. An estimated 2 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions.
Rajasthan has a largely agrarian economy with high poverty and low human development. Microfinance, especially self-help groups (SHGs), has become important for empowering women and alleviating poverty. In Rajasthan, microfinance is synonymous with SHGs, of which there are over 1.5 lakh promoted by various government and non-government organizations. However, access to credit remains low in Rajasthan compared to other states. Microfinance provides financial services to the poor and helps generate income through loans for activities. SHGs allow people to save small amounts and access loans at low interest. While microfinance has benefited many, issues remain such as access for the rural poor, quality of SHGs,
Microfinance aims to provide financial services to low-income populations. In India, microfinance reaches over 33% of the population through self-help groups (SHGs) and microfinance institutions (MFIs). SHGs help empower the poor through collective decision making and access to banking. MFIs face challenges including high operating costs due to low-value transactions, and a lack of trained talent and infrastructure. Financial inclusion efforts in India are focusing on new banking licenses, mobile payments, ATM rollout, and using Aadhaar identification to expand access to financial services. Recommendations include incentivizing mainstream banks to enter microfinance and building community-based financial institutions.
This document provides a historical overview of microfinance initiatives in India since independence. It discusses early committees and surveys that examined rural credit needs and access. Major initiatives are described, including self-help groups, programs through NABARD and SIDBI, and the SHG-Bank linkage model. The document also outlines the current status and infrastructure of microfinance provision in India, noting that while access to formal credit has increased, the majority of marginal farmers and landless laborers still rely on informal sources. Overall it traces the evolution of microfinance policy and models in India over several decades.
Published on 4 April 2020
Published by - Md.Mehedi Hasan
European University of Bangladesh
Topic : NGO Sector of Bangladesh
Here describe NGO Sector of Bangladesh, Overview, future of the ngo sector, problem of the ngo sector, Recommendation, Conclusion
Thank you
The document discusses the state of business development services (BDS) for micro-enterprises owned by poor people in India. It notes that current policies do not adequately support micro-enterprises and that BDS is critical but underdeveloped. Government delivery of BDS faces challenges around bureaucracy and inappropriate targeting, while private BDS markets are nearly nonexistent in rural areas. There is a need to develop demand-driven BDS models through grants, subsidies, and public-private partnerships to strengthen micro-enterprises and support livelihoods.
This document summarizes a study on personal installment loan services provided by local and foreign commercial banks and NGOs in Bangladesh in 2015. It finds that personal installment loans have grown popular among medium-low income customers. Foreign banks and NGOs generally provide more prompt service than local banks, though NGOs charge higher fees. Foreign banks and NGOs also tend to be more technologically advanced than local banks and NGOs in designing personal loan products. The study highlights differences in total amounts disbursed, outstanding loans, and customer numbers between banks and NGOs.
Transformation of farmers agitation 2021 in IndiaShantanu Basu
This movement began as a protest against controversial farm acts by farmers, but has expanded into a broader challenge and alliance against the government by 90% of India's population. It represents common people challenging the privileged elite and seeking to replace the existing political system that perpetuates inequalities. The movement signals dissatisfaction with a system skewed in favor of upper castes and brings together various disadvantaged groups including farmers, laborers, and the unemployed from across different states. It seeks equitable policies for both buyers and sellers in the agricultural sector and other reforms benefiting farmers and rural communities.
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the Indian border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated infrastructure overseas and tested new weapons.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to Biden's blue presidencyShantanu Basu
Biden faces formidable challenges as President from Republican opposition in the Senate and from Trump supporters across America. His agenda will likely be stalled as the Senate is evenly split, requiring Vice President Kamala Harris's vote. The US economy also presents challenges as it relies on high debt and deficits. Biden will face stiff opposition to providing further COVID relief, returning to Obama-era policies, and replacing Trump administration officials. Relations with China may continue as both countries rely on trade, but Biden will face pressure over issues like India from Republicans portraying him as soft. As the first Democratic president in decades, Biden will have to navigate tensions over race, business interests, and personal freedoms to achieve his reform agenda.
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the India-China border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated Western systems through cyber and economic means.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to biden's blue presidencyShantanu Basu
Biden faces significant challenges as President from Republican opposition in the Senate and from conservative Americans who supported Trump. His agenda faces obstacles to passing legislation due to the even Senate split, and he may be forced to compromise on issues like abortion, immigration, and healthcare to appease conservatives. Biden also inherits an economy weakened by the pandemic and trade wars, high debt levels, and social divisions exacerbated by Trump. His ability to enact his agenda and make progress on issues like racial justice and climate change will depend on his ability to navigate these political and economic challenges from his opponents on the right.
The document summarizes India's fiscal deficit and gross liabilities for the years 2019-20 and 2020-21. It states that India's GDP in 2019-20 was approximately Rs. 250 lakh crore, with a fiscal deficit of Rs. 8.75 lakh crore or 3.5% of GDP. However, additional liabilities not provided for in the budget estimate totaled Rs. 38.75 lakh crore, bringing the real fiscal deficit to 15.5% of GDP. For 2020-21, GDP declined by 23.9% to approximately Rs. 190 lakh crore, while additional liabilities above the budget estimate of Rs. 35 lakh crore total Rs. 70 lakh
1. The document discusses the political and economic fallout of the COVID-19 pandemic, originating from China. It argues that while the Chinese government is culpable for initially suppressing information about the outbreak, blaming the Chinese people is unfair.
2. It describes how China's economic reforms and opening up led to massive growth and wealth creation, but also political ambitions and social tensions. The pandemic may cause countries to bring manufacturing back and reconsider their dependence on China.
3. India is positioned to benefit if it replicates China's economic model to attract investment and jobs, but it faces major challenges around infrastructure, bureaucracy, and corruption. Overall, the pandemic could spur manufacturing growth in multiple countries and regions.
1. The author argues that nationalism in India is often propagated by politicians to distract from domestic issues and consolidate power, rather than unite people. True nationalism respects India's diversity and ensures prosperity for all.
2. Many contributors to India's freedom struggle and cultural heritage are unknown or forgotten. Figures from all religions, genders, and social groups made sacrifices but a narrow version of nationalism promotes only certain identities.
3. India still faces significant issues of poverty, hunger, and inequality despite recent economic growth. True nationalism requires upholding democracy and rule of law to protect all citizens' rights and development.
India's Public Finances are in ShamblesShantanu Basu
The finances of the Government of India (GOI) are in dire straits. As of January 2020, the fiscal deficit was estimated at Rs. 9.85 lakh crore, which is about a third of total budgeted expenditures. With disastrous tax revenue in the first three quarters of the fiscal year and the impact of COVID-19, the actual deficit could exceed 45-50% of expenditures. Adding additional off-budget borrowing, the deficit could jump to 45% of revenues. To fill this large shortfall, GOI will need to take on substantial new borrowing, further increasing debt levels and interest payments in the coming years. The financial condition of GOI is weak, limiting its ability to provide further fiscal support
The document discusses India's debate around issuing sovereign bonds. It notes that India's high levels of domestic debt could amount to 45-50% of the government's budget annually. Issuing sovereign bonds in US dollars also presents risks like currency fluctuations, inflation risks, and lower credit ratings increasing interest rates. While sovereign bonds could raise large funds, there are doubts around India's ability to repay its obligations without impacting domestic debt payments or leading to a debt crisis. Alternative domestic funding options that avoid sovereign bond risks need more exploration.
The author argues that a lockdown in India would be misplaced and ineffective at stopping the spread of Covid-19 due to several factors unique to India. First, high population densities in urban and rural areas would make social distancing and quarantine impossible. Second, many migrant workers have returned from overseas and are traveling within India, negating the impact of a lockdown. Third, daily necessities are purchased from dense markets and small shops, and shutting these down would cause food shortages and panic. The author provides several alternative suggestions to address the virus, such as increased testing, protective equipment for frontline workers, and enlisting private industry to help produce medical supplies.
This document summarizes the debate around India issuing sovereign bonds for the first time. It notes that India already has high levels of domestic debt totaling Rs. 350-400 lakh crore. Issuing dollar-denominated sovereign bonds would expose India to currency and inflation risks given its lower-medium credit rating. While sovereign bonds could raise large funds, India may struggle to find projects that generate enough return to pay the estimated 6-7% coupon rate required due to these risks. The document argues for reforms like reducing government ministries, increasing foreign portfolio investment limits, and privatizing some state projects before relying too heavily on sovereign bonds.
Revocation of Art. 370 - The Ultimate Victory?Shantanu Basu
The document discusses corruption among politicians in Kashmir and the siphoning of public funds. It argues that revoking Article 370 is not an end in itself and that more needs to be done to address corruption. Statistics are provided showing large expenditures and grants to Kashmir compared to low revenues and poor development outcomes. The author urges the government to take exemplary action against corrupt politicians, scrutinize financial records, improve governance and economic opportunities in Kashmir, and handle the situation with care and fairness to avoid further conflict.
Dance of democracy or descent into mockocracyShantanu Basu
Briefly discusses the role of small parties that do not participate in elections in India but are errand boys of the larger ones in criminality like cash and drugs distribution during elections in India.
1. The author argues that excessive nationalism propagated by politicians is often used to mask internal flaws and promote superiority over others. However, true nationalism accepts diversity and is inclusive.
2. The author notes that India's rich cultural heritage and history of national heroes is often unknown or forgotten. Many contributions to India's freedom struggle came from a diverse range of individuals across religions and social groups.
3. While India has become one of the largest economies, there remains significant hunger and poverty that true nationalism should aim to address. Crony capitalism has benefited the privileged more than addressing issues facing the masses. The rule of law and democracy are also threatened when different rules apply to different groups.
Ten takeaways from india state assembly elections 2018Shantanu Basu
1. The document provides 10 takeaways from the 2018 Indian state assembly elections. Key issues included voters rejecting both the BJP's majoritarian religious politics and the INC's weak religious appeals. Development was prioritized over allegations of corruption.
2. Voters rejected negative campaigning and were not swayed by promises or incentives but cared most about issues like jobs, farm loans, prices, and wages. Narrow victory margins showed that politicians must deliver or face backlash.
3. Caste and religious loyalties mattered less while educated leaders were preferred. Social media was a double-edged sword that allowed debates to influence remote voters. A silent voter revolution occurred as voters rejected empty promises and arrogance.
Telecom Revolution, Governnace and Elections in IndiaShantanu Basu
Briefly discusses the telecom and media revolutions in India. The article concludes that a large part of voting in India's next General Election in 2019 would be decided from homes and that such choices would make voters much more conscious of seeking accountability of their elected representatives.
Briefly discusses the proposal to laterally induct officers from outside government of India as Joint Secretary. The article analyses the debate and concludes that such lateral recruitments ignore the reality of a crying need for reform of India's colonial civil service
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
1. The politics of perpetuating poverty have been endless since 1947. Over the decades, slogans and
schemes have been launched, often without cash flow corresponding to budgeted targets.
Whatever little was available for distribution was mired in ineligible/fake beneficiaries, routing
of funds through middlemen, dubious qualifying criteria and many more lucrative self-imposed
limitations. MNREGA and similar schemes were plagued by all these failures. Not only that,
such schemes created few precious lasting assets. Poverty remained endemic even as the village
moneylender reigned supreme as he/she does even today, loan waivers not having touched them.
How does INC’s proposed Rs. 6000/month financial assistance proposal to 20% of the most
indigent populations compare? Prima facie, like MNREGA and many other schemes, Nyaya, as
the INC program is called, is a cash handout via DBT. It is geared to counter Modi’s Rs. 2000/4
months DBT, the amount being three-fold more in the INC’s proposal.
The crux of the matter, that no political party wishes to address for obvious electoral reasons, to
augment the income of the indigent, is all but forgotten. The indigent needs to be trained and be
provided small seed capital to set up micro-enterprises by pooling of fiscal assistance from state
and central budgets between beneficiaries. That would not only have a cascading effect on
employment but also partly roll back the declining rate of savings and, consequently investment.
For instance, Rs. 72000 x 100 beneficiaries makes for seed capital of Rs. 72 lakh, probably
adequate to set up a chain of low-priced meal thali stalls, tetra pack packaging units, courier
services, minor repair and maintenance works, etc. These would add value and make the lives of
the indigent not only better, but sustainable in the longer run. However, care would have to be
taken to identify areas of application of pooled funds and assuring businesses for these start-ups,
unlike for MUDRA loans that are no better than cash handouts via DBT. For a start, why not
allow these start-ups to provide labor contract to operate govt. canteens, private security, office
machinery, etc?
I have always deprecated MNREGA and all other cash handouts for the reason stated above.
India has come a long way since 1947. Yet, unless a family of four adults is assured monthly
income of at least Rs. 20000 with at least 10-15% hike every year in a sustainable manner, with
one time capital funding from budgetary resources, all electoral promises would be viewed no
more than as vote-catchers. Nyaya is no different. To provide loans of Rs. 50000 each to 10 crore
indigents (that currently have individual income of less than Rs. 10000/month from all sources),
budgetary assistance of Rs. five lakh crore at least would be required. This can be spread over
three fiscals to lower the annual demand on the public exchequer.
Insofar as funding is concerned, a barebones 25%, across the board, cut in the numbers of
Ministries/Depts. in states and the Centre merged could show up corresponding recurring
savings. Start-ups could be allowed to subscribe to group insurance health and life insurance
policies on a contributory basis, as also to pension and welfare funds, that could be mandated in
the condition of loans sanctioned to these start-ups. These are but some random thoughts.
2. My only request to both BJP and INC is that your cash hand outs are not only unsustainable but
provide no long-term gains to the indigent. For my part, I refuse to pay any more taxes to fund
your foolhardy ventures like Nyaya. I am sure my friends will echo my sentiments. The states
and Centre have more than adequate resources if they would only cut down on their giant
profligacy, waste and brazen corruption. No fresh taxes are warranted.
Or is it that BJP and INC are scared, very sacred, of empowering the indigent? In that case, how
are these parties different from the sultans/maharajas of yore that lived off extortion and survived
by paying ransom for centuries while providing worthless famine relief works like Lucknow’s
Bhulbhualiyya. In a poor, uneducated, untrained, hungry homeless and scantily clothed country,
why should we vote for you? Poverty eradication is an oxymoron both for INC and BJP. We
elect you to provide statesmanship and not essay the vices and physiological attributes of a
prostitute. Voters are better off voting NOTA instead of for you. At least a constitutional crisis
may provide much needed cleansing of our brothelized polity.