Microfinance Sector in India:Genesis and Aftermath of Andhra Pradesh Microfinance Crisis of 2010
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2017, Vol 4, Issue 2
Abstract
Microfinance is India is primarily rural and semi-urban in nature. Microfinancing efforts have not yet yielded the desired results. This conceptual paper is an attempt to increase understanding about Indian microfinance sector. The paper tries to explain the Andhra Pradesh microfinance crisis of 2010 and its repercussions.The paper concludes that microfinance is not a silver bullet for financial inclusion of poor and should be properly regulated by the Government to achieve better financial inclusion.It is high time that microfinance model is made self sustainable through appropriate laws at centre to ensure its long term survival and to prevent crisis like Andhra Pradesh in future.
Authors and Affiliations
Anuradha Malik, Sheena Gupta, Shubham Sethi
Keywords
Related Articles
- EP ID EP31088
- DOI -
- Views 323
- Downloads 1
Determination of Water Requirements of Main crops in the Tank Irrigation Command area using CROPWAT 8.0.
A study was carried out to determine the water requirement of main crops in the perumal tank irrigation command area in Cuddalore district. The main crops include rice, groundnut, and sugarcane. The crop water requireme...
Factors Influencing Ageing and Sleep Disorders in Women: A Study of Social and Environmental Factors
Ageing is a natural process which affects women in various ways. It brings deterioration to the body functions and appearance which brings unhappiness and lead to various sleep disorders. Therefore, in this paper an att...
‘Self-Fulfilling Prophecy’: A Literature Review
The power of positivity is one of the hottest emerging topics of the time. People today are becoming more and more aware about the power of human mind and thoughts. Psychologists and thinkers have increasingly focused o...
Prevalence and determinants of morbidity among under five children in rural area of Tamil Nadu
The first few years of life are the most crucial period as this age is known for accelerated growth and development and any adverse influences during this period may result in severe limitations in their development wh...
Handicraft Trade of Kashmir during the Mughal Period
With the establishment of Mughal rule, Kashmir became the famous centre of handicraft production. The Mughal rulers maintained trade routes, constructed bridges and serais and thus promoted to a great extent, the expor...