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Author: Sankha Roy Publisher: ISBN: Category : Languages : en Pages :
Book Description
Access to affordable credit and other banking services by the low income and the vulnerable sections of the society is a prerequisite for pushing sustainable growth and reducing poverty. Self-Help Group (SHG)-bank linkage program was started with the objective of empowering low income groups, mainly emphasizing on women, to have access to and use the mainstream financial services for their upliftment. The present study attempts to explore the factors that have an influence on the use of financial services and products by the members of the SHGs. To accomplish the objective, the study has used primary data collected from 384 beneficiary members spread across 95 SHGs across the state of Tripura. 25 items representing the factors affecting financial inclusion were identified and put through data reduction technique, that is, principal component analysis that explains the interrelationship among the original variables. The study identified six factors that affect the financial inclusion of SHG members: suitability of financial products, ease of banking, physical infrastructure, economic status of the SHG members, IT infrastructure, and financial awareness. The findings of this paper will help the banks and regulators in understanding the factors that influence access to banking and financial services in this area of northeast region.
Author: Sankha Roy Publisher: ISBN: Category : Languages : en Pages :
Book Description
Access to affordable credit and other banking services by the low income and the vulnerable sections of the society is a prerequisite for pushing sustainable growth and reducing poverty. Self-Help Group (SHG)-bank linkage program was started with the objective of empowering low income groups, mainly emphasizing on women, to have access to and use the mainstream financial services for their upliftment. The present study attempts to explore the factors that have an influence on the use of financial services and products by the members of the SHGs. To accomplish the objective, the study has used primary data collected from 384 beneficiary members spread across 95 SHGs across the state of Tripura. 25 items representing the factors affecting financial inclusion were identified and put through data reduction technique, that is, principal component analysis that explains the interrelationship among the original variables. The study identified six factors that affect the financial inclusion of SHG members: suitability of financial products, ease of banking, physical infrastructure, economic status of the SHG members, IT infrastructure, and financial awareness. The findings of this paper will help the banks and regulators in understanding the factors that influence access to banking and financial services in this area of northeast region.
Author: Ananda S. Publisher: Springer Nature ISBN: 9811626529 Category : Business & Economics Languages : en Pages : 343
Book Description
This book discusses ideas for stakeholders to develop strategies to access and use financial products and services such as deposits, loans, and fund transfer mechanism, insurance, payment services, and intermediaries, distribution channels at economical prices in order to cater to the needs of the poor and underprivileged people. Financial inclusion ensures ease of access, availability, and usage of the financial products and services to all the sections of the society. The book will help in recognizing the role of financial inclusion as one of the main drivers in reducing income inequality and thus supporting sustainable economic growth of the countries, especially of an emerging economy. The book provides conceptual and practical ideas from the practitioners, best practices from the experts, and empirical views from the researchers on the best practices and how to mitigate the challenges and issues plaguing the development of the financial inclusion.
Author: Kartick Das Publisher: ISBN: 9788177083392 Category : Self-help groups Languages : en Pages : 0
Book Description
Women's lack of economic empowerment not only impedes growth and poverty reduction, but also negatively impacts education and health outcomes for children. Thus, it is extremely important to ensure that women are economically empowered. Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit - where needed by vulnerable groups, such as women - at an affordable cost. India's Self-help Group (SHG)-Bank Linkage Program was launched in 1992 as a flagship program by the country's National Bank for Agriculture and Rural Development. The objective is to meet the financial needs of the poor by linking SHGs with the formal credit agencies. Financial inclusion of India's women can be best ensured through SHGs. This collection contains papers that provide valuable insights into the importance and functioning of SHGs to ensure financial inclusion and hence economic empowerment of women in India.
Author: Sowjanya Shetty Publisher: ISBN: Category : Languages : en Pages : 9
Book Description
In recent years financial inclusion has been given top priority as financial development and economic growth are interdependent. Women constitute almost half of country's population and their work participation is also increasing and diversifying and impacting her family, neighbourhood and the economy too. Notwithstanding their numerical strength women are still confined to a secondary status in social life, economic activities and decision-making processes. The Draft National Policy for Women in Agriculture (April 2008) prepared by National Commission for Women (NCW) stated that an estimated 20 per cent of rural households are defacto female headed due to widowhood, desertion or male-out-migration. This makes women economically vulnerable and both occupationally and socially, the victims of discrimination. Self-reliance through solidarity and productivity seems to be the way out of this human poverty. Financial inclusion therefore, could be a means to come out of poverty. Self-help Groups are considered to be the enabling mechanism in this regard. The most common group lending model under SHG movement in India at present is “SHG-Bank linkages”. Across regions and communities SHGs of women have improved their participation and saving capacity. When women have financial means, they invest that money back into their families resulting in better economic security. However, we need to know whether this impact translates to better social security in terms of health, education, equity etc. We argue that financial inclusion without social intermediation is a half attempt at women empowerment. Time has come to the 'nobleness' of group approach with 'ability' to cope with challenges and changes of the times. SHGs must be ready for new experiments for the sake of enhancing expertise in group management rather than be complacent with past experience. The objectives of this paper therefore, are to (i) critically examine the role and reach of SHGs towards empowerment, (ii) discuss the issues and initiatives in establishing linkages between the socio-economic dynamics and women's empowerment, and (iii) explore some strategies that may supplant or supplement the SHG initiatives and remove the imbalances that still remain in accomplishing total empowerment of women.
Author: Asli Demirguc-Kunt Publisher: World Bank Publications ISBN: 1464812683 Category : Business & Economics Languages : en Pages : 148
Book Description
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Author: Anjali Kumar Publisher: World Bank Publications ISBN: 9780821357163 Category : Business & Economics Languages : en Pages : 698
Book Description
There is an increasing awareness that access to financial services can contribute to economic growth and poverty reduction. This study focuses on the delivery of financial services in Brazil, one of the world's most important emerging financial markets. It examines different aspects of financial service provision, and explores approaches to address problems of financial exclusion. Topics discussed include: microfinance schemes; private banking; rural finance systems; institutional infrastructure; and the role of government policy.
Author: Ajai Nair Publisher: World Bank Publications ISBN: Category : Microfinance Languages : en Pages : 46
Book Description
The major form of microfinance in India is that based on women's Self Help Groups (SHGs), which are small groups of 10--20 members. These groups collect savings from their members and provide loans to them. However, unlike most accumulating savings and credit associations (ASCAs) found in several countries, these groups also obtain loans from banks and on-lend them to their members. By 2003, over 700,000 groups had obtained over Rs.20 billion (US$425 million) in loans from banks benefiting more than 10 million people. Delinquencies on these loans are reported to be less than 5 percent. Savings in these groups is estimated to be at least Rs.8 billion (US$170 million). Despite these considerable achievements, sustainability of the SHGs has been suspect because several essential services required by the SHGs are provided free or at a significantly subsidized cost by organizations that have developed these groups. A few promoter organizations have, however, developed federations of SHGs that provide these services and others that SHG members need, but which SHGs cannot feasibly provide. Using a case study approach, Nair explores the merits and constraints of federating. Three SHG federations that provide a wide range of services are studied. The findings suggest that federations could help SHGs become institutionally and financially sustainable because they provide the economies of scale that reduce transaction costs and make the provision of these services viable. But their sustainability is constrained by several factors--both internal, related to the federations themselves, and external, related to the other stakeholders. The author concludes by recommending some actions to address these constraints. This paper--a product of the Finance and Private Sector Development Unit, South Asia Region--is part of a larger effort in the region to study access to finance in India.
Author: Jain, Dhiraj Publisher: IGI Global ISBN: 1522540369 Category : Business & Economics Languages : en Pages : 311
Book Description
Financial inclusion has been one of the most propagated ideologies in countries, and as a result, significant efforts have been taken to nurture institutions and systems to include an array of socio-economic classes. Various financial institutions and societies have taken steps toward financial inclusion, but to be successful, they need to understand how to accurately target and market their potential customers as well as the new avenues for development. Marketing Techniques for Financial Inclusion and Development is a critical scholarly resource on the marketing techniques adopted by various financial institutions and societies for promoting financial inclusion initiatives for the development of the society at large. Featuring coverage on a broad range of topics such as consumer awareness, financial literacy, and micro-enterprises, this book is geared towards managers, investors, brokers, researchers, and all others within the banking industry.
Author: Ajay Tankha Publisher: SAGE Publications Pvt. Limited ISBN: 9788132109648 Category : Business & Economics Languages : en Pages : 0
Book Description
Banking on Self-help Groups reviews the existing state of affairs in respect of the SHG (Self-help Group) movement and addresses the question of what should be the next phase of development of the SHGs. It identifies the policy gaps and opportunities that exist for the SHGs to be mainstreamed further into the formal financial system. The author examines elements of strategy and design being adopted by the National Rural Livelihoods Mission as also the potential role of NABARD in the development of SHGs in the future. The study focuses on three core issues pertaining to SHGs. These relate to (i) cost-effectiveness, (ii) sustainability, and (iii) impact, i.e., the development cost of SHGs and SHG-based institutions, the sustainability of SHG models and community institutions fostered by them, and the economic and social impact on SHG members. The book concludes with a discussion of proposals and institutional arrangements that provide the way forward for the continued and uninterrupted growth of SHGs as an agency for change in the rural sector of India.
Author: Publisher: International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies ISBN: Category : Technology & Engineering Languages : en Pages : 234
Book Description
Published articles from the International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies ITJEMAST V13(4)2022
Author: Sankha Roy
Author: Sankha Roy
Author: Ananda S.
Author: Kartick Das
Author: Sowjanya Shetty
Author: Asli Demirguc-Kunt
Author: Anjali Kumar
Author: Ajai Nair
Author: Jain, Dhiraj
Author: Ajay Tankha
Author: