Micro Finance

Microfinance and the State: Exploring areas and structures of collaboration Research carried out under the Sir Ratan Tata charge Fund for Research Collaborations in MicroFinance Indian Institute of focussing Vastrapur, Ahmedabad 380015 Microfinance and the State: Exploring areas and structures of collaboration1 M S Sriram2 1.0 The Present3 1.1 Introduction The microfinance sphere of influence has emerged from the efforts of Non-Governmental Organisations (NGOs), and as a response to the failure of existing structures to deliver monetary services to the poor. The efforts by NGOs have emerged from grassroots and represent diversity. They do not fit into a straitjacket. Therefore, un wish well the other structures like cooperatives, Regional Rural margins (RRBs) and commercial banks, it is difficult to rush statistics on microfinance. It is also difficult to make policy recommendations that impact the sector as a whole. In the past decade, the state has seen microfinance as a tool to meet the financial service requirements of the poor. It has close in policies that enable the increased access to financial services for the poor. The pronouncements do in the annual budgets have been translated through a serial publication of follow up measures by other institutions that are start/influenced by the state.

The following have been the significant initiatives: Setting up of the Rashtriya Mahila Kosh to re-finance microfinance activities of NGOs Encouraging National Bank for Agriculture and Rural exploitation (NABARD) to set targets for the self-help group (SHG) Bank linkage programme military issue of Sidbi Foundation for Micro-Credit as a financier of microfinance institutions (MFIs) The pronouncements of the Reserve Bank of India (RBI) from time to time such as including lending to SHGs as a part of priority sector targets exempting non-profit companies doing microfinance from registering as as an NBFC permitting the establishment of local area banks (now withdrawn) Routing some poverty... If you want to get a full essay, order it on our website: Orderessay

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