*Assistant Professor, Department of Rural Management, School for Management Studies, Babasaheb Bhimrao Ambedkar University, Lucknow (A Central University)
**PhD (Management) Research Scholar, Department of Rural Management, School for Management Studies, Babasaheb Bhimrao Ambedkar University, Lucknow (A Central University)
Online published on 5 April, 2018.
This research paper involves study of the past literatures about the microfinance sector, related online research papers and journals. The annual reports and the sector reports published by regulatory bodies, MFI associations and major microfinance players facilitated the study, especially in understanding the size, growth and past trends. Interactions with some of the experts helped in understanding and analyzing the emerging concerns in the microfinance sector and also to look for some possible solutions.
The study covers the micro financing in priority states of India for the period 2010 to 2013, Potential Rural households to be covered, Rural households covered* (SHG: Savings linked) Districts with low coverage of SHGs, Average savings/SHG (Rs), Average credit disbursed/SHG (Rs), Loans issued No. of SHGs (lakh), Loans issued (Rs crore), Loans outstanding (Rs crore), Gross NPA (Rs crore), SGSY (Rs crore), SHG (non-SGSY) (Rs crore) and No. of WSHG districts. Findings of study show that various micro financing activities and institutions have grown intensively in Southern India and many poor people mostly woman are participating actively in micro financing activities. Further the impact of microfinance is also analyzed on women empowerment and it turns out to be positive. Overall, the finance schemes are spreading all over India over the last few years.
Micro Finance, Self Help Groups, Priority States, NABARD
