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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: 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: United States. Congress. Senate. Committee on Agriculture and Forestry. Subcommittee on Agricultural Credit and Rural Electrification Publisher: ISBN: Category : Cooperative societies Languages : en Pages : 456
Author: Great Britain: Parliament: House of Lords: European Union Committee Publisher: The Stationery Office ISBN: 9780104007136 Category : Business & Economics Languages : en Pages : 408
Book Description
This publication contains oral and written evidence taken by the European Union Committee (Sub-Committee D on the Environment and Agriculture) for its inquiry into the proposed changes to the financing of the Common Agricultural Policy (CAP) and the future of European agricultural and rural policy. The Committee's report is available separately (HLP 7-I, session 2005-06, ISBN 0104006722).