Improving Access to Finance for India's Rural Poor PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Improving Access to Finance for India's Rural Poor PDF full book. Access full book title Improving Access to Finance for India's Rural Poor by Priya Basu. Download full books in PDF and EPUB format.
Author: Priya Basu Publisher: World Bank Publications ISBN: 0821361473 Category : Business & Economics Languages : en Pages : 152
Book Description
Annotation This book examines the current level and pattern of access to finance for India's rural households, evaluates various approaches for delivering financial services, analyzes what lies behind the lack of adequate financial access, and identifies what it would take to improve access to finance.
Author: Priya Basu Publisher: World Bank Publications ISBN: 0821361473 Category : Business & Economics Languages : en Pages : 152
Book Description
Annotation This book examines the current level and pattern of access to finance for India's rural households, evaluates various approaches for delivering financial services, analyzes what lies behind the lack of adequate financial access, and identifies what it would take to improve access to finance.
Author: Weltbank Publisher: ISBN: Category : Languages : en Pages :
Book Description
Since the early national plans, successive governments in independent India have emphasized the link between improving access to finance, and reducing poverty - a stance that has had influence globally. The need to improve financial access for India's poor, the overwhelming majority of whom are concentrated in rural areas, motivated the nationalization of commercial banks in the late 1960s, and an aggressive drive through the 1970s and 1980s, to expand rural banking, coupled with policies mandating banks to provide subsidized credit to rural households. The 1990s saw the partial deregulation of interest rates, a gradual reduction in the Government's stake in commercial banks, and increased competition in the banking sector. Access to finance for the rural poor has improved somewhat over the past decades, with the public sector commercial banks being the dominant players in the formal rural finance market. Yet, the vast majority of India's rural poor, still do not have access t o formal finance. The report examines the reasons, and factors affecting both banks, and their clients. First is the problem of uncertainty - about the repayment capacity of poor rural borrowers, and their irregular/volatile income streams and expenditure patterns - which, in the absence of credit information, drive up default risk. Second, the transactions costs of rural lending in India are high, mainly due to small loan sizes, high frequency of transactions, large geographical spread, and heterogeneity of borrowers, and widespread illiteracy. Third, the Government policies have made things worse from the banks' perspective, creating a "financial climate" not conducive to lending in general, and rural banking in particular. New approaches and products to improve rural access to finance in India are reviewed, namely, the 'Self-help Groups (SHGs) Bank Linkage' model, the growth of which - from just 500 SHGs linked to banks in the early 1990s, to over 700,000 in 2003 - has been truly remarkable; specialized microfinance institutions; and, partnerships between private Banks,, micro-financiers, and service providers, including the Kisan Credit Card. Furthermore, a potential means of reducing default risk in rural finance, that has recently caught the attention of the Government, is the establishment of a "warehouse receipts system' to cover the agricultural risk management of products for farmers. The policy agenda to improve access to finance by the rural poor looks at introducing flex...
Author: Priya Basu Publisher: ISBN: Category : Microfinance Languages : en Pages : 44
Book Description
The paper recommends that, if SHG Bank Linkage is to be scaled-up to offer mass access to finance for the rural poor, then more attention will need to be paid toward the promotion of high quality SHGs that are sustainable, clear targeting of clients, and ensuring that banks linked to SHGs price loans at cost-covering levels. At the same time, the paper argues that, in an economy as vast and varied as India's, there is scope for diverse microfinance approaches to coexist. Private sector microfinanciers need to acquire greater professionalism, and the government can help by creating a flexible architecture for microfinance innovations, including through a more enabling policy, legal, and regulatory framework. Finally, the paper argues that, while microfinance can, at minimum, serve as a quick way to deliver finance to reform these institutions with an eye to improving access for the poor."
Author: Tiken Das Publisher: ISBN: 9783656478973 Category : Languages : en Pages : 16
Book Description
Research Paper from the year 2013 in the subject Business economics - Investment and Finance, grade: -, North Eastern Social Research Centre, language: English, abstract: Access to financial markets is important for poor people. Like all economic agents, low-income households and microenterprise can benefit from credit, saving and insurance services. But financial markets, because of their special features, often serve poor people badly, since poor people often have insufficient traditional forms of collateral such as physical assets to offer. Thus the poor generally excluded from the formal financial institutions and have to depend on informal sector. In India, since the early national plans, successive governments have emphasized the link between improving access to finance and reducing poverty. But the vast majority of India's rural poor still do not have access to either formal finance or microfinance. It was found that credit cooperatives, commercial banks, and other formal financial sector programs in rural areas have not displaced informal sources of credit, altogether. It is assessed that the share of rural informal credit in total outstanding debt has been certainly decreasing over the period from 1950 to 2002 with various financial initiatives of the RBI and legislation of the various state government to regulate moneylenders. However, about two-fifth of the rural household's dependence on informal credit, even today, indicates further scope for financial inclusion in rural areas. According to author financial awareness has to be spread amongst the excluded masses that are illiterate and poor. Financial inclusion and financial literacy are two sides of the equation. Financial inclusion acts from supply side by providing financial markets/services that people demand whereas financial literacy stimulates the demand side by making people aware of what they can demand.
Author: Surajit Kumar Bhagowati Publisher: ISBN: 9788177083330 Category : Microfinance Languages : en Pages : 0
Book Description
According to India's 2011 Census, the rural population was 68.8% of India's total population. Rural development implies both the economic betterment of people, as well as greater social transformation. Increased participation of people in the rural development process, decentralization of planning, better enforcement of land reforms, and greater access to credit and inputs go a long way in providing the rural population with better prospects for improved quality of life. Since independence in 1947, the government of India and the Reserve Bank of India have made concerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, the rural poor continue to depend on informal sources of credit. It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventional banking in reaching the hitherto unreached poor population. Micro credit enables poor people to be thrifty and helps them in availing the credit and other financial services for improving their income and living standards. This book examines the working of institutions engaged in providing rural finance and the policies of the government for financial inclusion of the poor.
Author: Sanjay Kanti Das Publisher: ISBN: 9788177082630 Category : Credit Languages : en Pages : 0
Book Description
After achieving independence in 1947, the government of India and the Reserve Bank of India have made concerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, India's rural poor continue to depend on informal sources of credit. Institutions have also faced difficulties in dealing effectively with a large number of small borrowers, whose credit needs are small and frequent, and their ability to offer collaterals is limited. Cumbersome procedures and risk perceptions of the banks leave a gap in serving the credit needs of the rural poor. It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventional banking in reaching India's hitherto unreached poor population. Micro credit enables poor people to be thrifty, and it helps them in availing the credit and other financial services for improving their income and living standards. India's Self-Help Group (SHG)-Bank Linkage Program was formally launched in 1992. The Program envisages the organization of the rural poor into SHGs for building their capacities to manage their own finances and then negotiate bank credit on commercial terms. This book contains well-researched papers which provide analytical information on various aspects of the micro finance and its impact on rural economy of India.
Author: Daniel Lazar Publisher: New Century Publications ISBN: 9788177081671 Category : Microfinance Languages : en Pages : 0
Book Description
Since independence in 1947, the government of India and the Reserve Bank of India (RBI) have made concerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, India's rural poor continue to depend on informal sources of credit. Institutions have also faced difficulties in dealing effectively with a large number of small borrowers whose credit needs are small and frequent and their ability to offer collaterals is limited. Cumbersome procedures and risk perceptions of the banks have left a gap in serving the credit needs of the rural poor. This has led to a search for alternative policies, systems and procedures, saving and loan products, other complementary services, and new delivery mechanisms that would fulfill the requirements of the poor. It is in this context that micro credit has emerged as the most suitable and practical alternative to conventional banking in reaching the hitherto unreached poor population. Micro finance is the provision of a broad range of financial services - such as deposits, loans, payments, money transfers, and insurance - to the low-income households and their micro enterprises. The basic purpose of micro finance is to provide access to financial assistance, including credit to the poor, enabling them to start/expand micro enterprises and break out of poverty. Micro credit helps the poor in making available the credit and other financial services for improving their income and living standards. The micro credit program - which was formally heralded in 1992 with a modest pilot project of linking around 500 Self-help Groups - has made rapid strides in India, exhibiting considerable democratic functioning and group dynamism. The micro credit program in India is now the largest in the world. This book contains 45 scholarly papers in the field of micro finance in India, categorized in five parts: Micro Finance: General Observations . Micro Finance, Self-help Groups, and Financial Inclusion . Micro Finance, Poverty Alleviation, and Empowerment of Women . Technical Aspects of Micro Finance . Micro Finance: Case Studies in India and Abroad.
Author: Priya Basu
Author: Priya Basu
Author: Weltbank
Author: 
Author: Priya Basu
Author: 
Author: Tiken Das
Author: Priya Basu
Author: Surajit Kumar Bhagowati
Author: Sanjay Kanti Das
Author: Daniel Lazar