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A case study on the evolutionary trends of Indian Microfinance Institutions (MFIs)
| Content Provider | Semantic Scholar |
|---|---|
| Author | Vanitha, Varadharajan Hajamoideen, O. M. |
| Copyright Year | 2014 |
| Abstract | In recent decades, Microfinance and Microfinance Institutions (MFIs) in India have proved their vital role not only in eradication of poverty and gender difference, but also in the changing scenario of poor households as reliable bank customers. Though, India is mostly viewed as a straggler in the area of microfinance, especially in the context of the immense outreach of MFIs in neighbouring Bangladesh, the Indian movement of Microfinance has achieved a considerable altitude, as a leader in micro-finance. Nearly all Indian MFIs have realised that they must affect out of the traditional path of service with welfare mode -NGO perspectives and become a professional service, in parliamentary procedure to be successful both in outreach and sustainability, as the next stage of business strategy. In fact, a numeral of the leading MFIs in India have begun to act out of the traditional styles of natural process based on the Bangladesh Grameen Bank model, cooperative credit societies and self-help group (SHG) -based financial services. Ultimately, some obstacles also ahead in their movements of Indian MFIs towards the commercially feasible way, which necessitate a legal framework with specific guidelines from the apex body like RBI and the Indian Union Government. This paper has portrayed the paradigm shift of Indian MFIs, their strategies towards the secondary goal of microfinance, crises and recent growth in the legal framework and the patronage of RBI & Indian Union Government, as a case analysis. |
| Starting Page | 143 |
| Ending Page | 150 |
| Page Count | 8 |
| File Format | PDF HTM / HTML |
| Volume Number | 3 |
| Alternate Webpage(s) | http://www.garph.co.uk/IJARMSS/Dec2014/11.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
