Top PDF Role of Microfinance and Entrepreneurship Development in India

Role of Microfinance and Entrepreneurship Development in India

Role of Microfinance and Entrepreneurship Development in India

The National Bank of agricultural and Rural Development (NABARD) still continues to extend credit to NGOs, RRBs, district central Cooperative Bank and Individual Rural Volunteers (IRV) for accelerating and fostering the SHGs. The NABARD sanctioned 88.36 crore to these institutions during 2014-25 in the form of financial assistance. A 339.83 crore cumulative grant sanctioned to various agencies to promote the 7.19 Lakh SHG until the end of March 2015. As on 31 March At the end of March 2015 93.77 crore grant sanctioned to 4.85 newly formed SHGs. The Non-Government Organization (NGO) worked as most dominant player to promote SHGs. NABARD is helping them to train and enhance the capacity of the stakeholders by various microfinance programs. It has conduct 4402 training programs to train around 1.61 Lakh individuals, stakeholders during 2014-15. As on 31 March 2015 around 33.28 individuals was trained that playing as a strong back up group for execution of the program. It is impressive that around 1087 training program with 31073 participants were conducted by the assistance of Women Selp-Help Group (WSHG) fund. Although, government and Reserve Bank of India is continue to emphasizing to to promote SHGs-BLP for financial inclusion like Prime Minister ‟ s Jan Dhan Yojana. Despite of that all, the government of India continue all poverty eradication programs by means.
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ROLE OF MICROFINANCE ON WOMEN EMPOWERMENT THROUGH SELF HELP GROUPS IN INDIA

ROLE OF MICROFINANCE ON WOMEN EMPOWERMENT THROUGH SELF HELP GROUPS IN INDIA

India is the country where a collaborative model between banks, NGOs, MFIs and women's organizations is furthest advanced. It therefore serves as a good point to look at what we know so far about 'Best Practice' in relation to Microfinance for women's empowerment and how different institutions can work together. It is clear that gender strategies in Microfinance need to look beyond just increasing women's access to savings and credit and organizing self help groups to look strategically at how programmes can vigorously promote gender equality and women's empowerment. Moreover the focus should be on developing a diversified Microfinance sector where different type of organizations, NGO, MFI’s and formal sector banks all should have gender policies adapted to the needs of their particular target groups/institutional roles and capacities and team up and work together to make a significant contribution to gender equality.
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Women Empowerment: The Role of Microfinance in India

Women Empowerment: The Role of Microfinance in India

The concept of women’s empowerment in the social, political, and economic order as a pre- requisite of human development is hardly given the priority that it deserves. The welfare approach introduced in the 1950s and followed through the 1950s may be considered the earliest policy approach concerned with women in developing countries. This approach to women focuses mainly on their productive role, on the basis that poverty alleviation and the promotion of balanced economic growth require the increased productivity of women in low-income households. Microfinance could be a solution to help them to extend small loans to run their micro enterprises. Women in rural India who were living in stark poverty have been able to change their lives, enhance their levels of income and could empower themselves with the help of microfinance given through SHGs. The benefits are not merely economic; they have also helped the women gain qualities of leadership, attain self confidence, economic self-sufficiency, self respect and concentrates on capacity building among women. The women undergo training programmes and discuss various issues that concern them and their village. Microfinance can primarily strengthen political empowerment through two mechanisms. First, if microfinance improves the economic and the social conditions of the poor, the poor’s political empowerment will consequently rise due to an increase in their self-efficacy. Second, in addition to increased self-efficacy, microfinance
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Role of Microfinance in Micro Entrepreneurship Development in Bangladesh: Prospects and Challenges

Role of Microfinance in Micro Entrepreneurship Development in Bangladesh: Prospects and Challenges

Abstract:-This paper presents the results of qualitative study on micro enterprises in Bangladesh that examines how microfinance institutions (MFIs) influence the starting and scaling up of the microenterprises (MEs). By analyzing both successful and failure microenterprises this paper also tries to identify why microenterprise starts as well as scales up and vice versa. This paper finds credit support of MFIs plays catalyst role for MEs development. It is key factor for both expansion and contraction but not the primary cause of MEs’ success. Entrepreneurial mind and previous working experience play significant role for starting and skills training accelerates success of MEs. Other than financing, MFIs do not have significant role in promotion of MEs. Further, MFIs are rational financing organizations and usually finance in the ventures where recovery rate is higher. When they are in doubt about the recovery rate, especially during idiosyncratic shock of MEs venture they usually do not finance.
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ROLE OF MICROFINANCE IN PROMOTING WOMEN ENTREPRENEURSHIP: AN ENGINE OF INCLUSIVE GROWTH

ROLE OF MICROFINANCE IN PROMOTING WOMEN ENTREPRENEURSHIP: AN ENGINE OF INCLUSIVE GROWTH

In the era of Liberalisation, Privatisation and Globalization along with I.T revolution today Indian society is changing at a surprising pace. Economic and Political transformation appear to be taking place in across region and these changes have created lot of opportunities for women to come out their traditional domain. Development is usually referred to as the transformation of people and societies leading to well being of every human being. The development has to be considered as social and cultural change as well as economic growth. Women’s development is directly related with national development. Since the beginning of human civilization, women have been working always and everywhere in each society of the world and their skills are as old as human kind. Women in general and rural women in particular are economically under privileged thus leaving sufficient scope for their discrimination, exploitation and oppression in the male dominated society. Though the women pivotal role in social and economic development of society but development plans and supportive services have generally overlooked the need to strengthen women’s productive roles.
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Role of Ngos’ in Women Entrepreneurship Development  A Case Study of Haveri District

Role of Ngos’ in Women Entrepreneurship Development A Case Study of Haveri District

many ways. Apart from her importance in the social framework, a woman’s vital role in village centric community activities, protecting our culture and in determining the consumption attitude makes her special for the economy and society of India. The Non- Governmental Organizations are playing a significant role in the empowerment of disadvantaged women, helping them stand on their own through such programmes as socio-economic programmes, vocational training and other similar programmes. It is believed that providing programmes to women has multiple effect. Thus this study is an attempt to study the NGOs’ role in the empowerment of women entrepreneurship development.
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Entrepreneurship Development In Technical Education In India

Entrepreneurship Development In Technical Education In India

new ways of doing the things in a better way. They do original thinking end come out with solutions of many problems. Their thinking is divergent and are in search for new scientific theories and knowledge for improving products and processes. Entrepreneur has a great vision. He is able to perceive the opportunities in the environment which other people are unable to see. He is future oriented. He is an intelligent and resourceful person. Knowing the present and the past he is able to predict the future events about the business more accurately than other people. He is able to anticipate problems which his business is likely to face and keeps himself prepared for these events. Entrepreneurs take calculated and moderate risk. Entrepreneurs avoid low-risk situation because there is a lack of challenge and avoid high-risk situations because they want to succeed. They always set higher goals and enjoy excitement of a challenge, but they do not gamble. Entrepreneurship activity is perhaps the most cr.al factor in the industrial and economic growth of any country. Entrepreneurs play a catalytically role in utilizing the resources in an optimal manner. Therefore, one of the important perquisites for a healthy industrial and economic growth is the availability of effective and efficient Entrepreneurs.
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Entrepreneurship Development In Technical Education In India

Entrepreneurship Development In Technical Education In India

new ways of doing the things in a better way. They do original thinking end come out with solutions of many problems. Their thinking is divergent and are in search for new scientific theories and knowledge for improving products and processes. Entrepreneur has a great vision. He is able to perceive the opportunities in the environment which other people are unable to see. He is future oriented. He is an intelligent and resourceful person. Knowing the present and the past he is able to predict the future events about the business more accurately than other people. He is able to anticipate problems which his business is likely to face and keeps himself prepared for these events. Entrepreneurs take calculated and moderate risk. Entrepreneurs avoid low-risk situation because there is a lack of challenge and avoid high-risk situations because they want to succeed. They always set higher goals and enjoy excitement of a challenge, but they do not gamble. Entrepreneurship activity is perhaps the most cr.al factor in the industrial and economic growth of any country. Entrepreneurs play a catalytically role in utilizing the resources in an optimal manner. Therefore, one of the important perquisites for a healthy industrial and economic growth is the availability of effective and efficient Entrepreneurs.
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ROLE OF MICROFINANCE IN HUMAN DEVELOPMENT AND WOMEN EMPOWERMENT.

ROLE OF MICROFINANCE IN HUMAN DEVELOPMENT AND WOMEN EMPOWERMENT.

Rural Areas (DWCRA), Ganga Kalyan Yojana (GKY), etc were some of the schemes.However, there are several shortcomings that lead to their failure and has paved way for the introduction of SHG’sscheme, a sub-programme under Swarnajayanti Gram Swarojgar Yojana (SGSY) which is specially aimed at increasing women’s earnings andmaking them self confident for sustainable all round development. The women in Indian society play significant role in shaping the family and its members; socially, educationally, culturally and economically too. The women are the milestones of the society; they should be educated in different arts and skills; which are required in their day today activities. Today the concept of Self Help Groups has highlighted the concept of togetherness and implemented several programme for the well being of the women. Mahila Mandals have actively involved in several socio- cultural activities of educating, training and socializing the women.
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Microfinance in india

Microfinance in india

According to a World Bank, report India accounts for one in three of the world population worldwide. It has most number of the people who live below the international poverty line of $1.90 a day. India’s economic growth has been unsuccessful on making a notable difference on the poverty figures. Poverty deprives a segment of society with bare necessities of food, clothing, shelter, education and health. In a fight against poverty the goal should not be only limited to increasing the income level of individual, household or the group but also mainstreaming the marginalized in the development process of the country. The government of India initiated various programmers to ease the burden of poverty holding healthcare, education, nutrition, and support to vulnerable groups. The microfinance has come forward to fill the gap and is considered as an effective tool for poverty reduction and socio-economic development. The impact of microfinance is still questioned and varies from one country to another and from urban to rural. The paper is structured into three parts the first part to analyze the growth of microfinance in India and secondly it examines the role and performance of the NABARD and other institutions in strengthening the SHGs and MFIs and the and lastly the paper presents a brief discussion on the shortcomings and recommendations to be adopted to make microfinance more inclusive.
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MICROFINANCE IN INDIA

MICROFINANCE IN INDIA

When people are empowered, they are more likely to avoid defaulting on a loan. Women are also statistically more likely to repay a loan than men are, which is another reason why women are targeted in the microfinance world. There‟s also the fact that for many who receive a microloan, it is their only real chance to get themselves out of poverty, so they‟re not going to mess things up.Zenger Folkman published a survey regarding ratings of high integrity and honesty in leadership roles that was separated by gender. The mean percentile of women displaying these traits was 55%, while for men, it was just 48%. In business, the bottom line is this: integrity matters. Microfinance institutions have recognized this and approached women because of this.As a side effect of this approach, many developing countries are taking a new look at what role women should play in society. Instead of treating a woman as a second-class citizen, or the “barefoot in the kitchen and pregnant” attitude that has been prevalent in the past, the success of women in bring their households out of poverty is evidence that proves women not only have an initiative to get things done, but they produce consistent results.For these reasons, microfinance institutions see total repayment rates of higher than 98%, though there can be several accounts that are overdue at any given time.
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Remittances and microfinance in India: Opportunities and challenges for development finance

Remittances and microfinance in India: Opportunities and challenges for development finance

However, be it internal or international, monies sent back home by migrants play a crucial role in the lives of the families. The rise in remittances has led to several options for money transfer as well as increased competition amongst transfer agents with technological advances playing a major role. But despite all these positive aspects, a systematic delivery mechanism of remittances to a majority of rural pockets in India, which form major migrant sending and remittance receiving regions, is either non existent or is at a very nascent stage. In rural areas along with the informal agents, new generation of financial institutions like Micro Finance Institutions (MFIs) and Business Correspondence (BCs) of Banking Institutions have expressed their interests in the business of transferring remittances. However, the outreach is insignificant. Moreover, most of the MFIs in India have been involved in savings, credit and insurance practices rather than remittance transfer. Fernando (2003) cites certain assumptions behind this, for instance, remittances, received by households, are assumed to be mainly spent on consumption for basic needs by them rather than being ‘income - generating’. Hence, those remi ttance receivers do not belong to the target group of MFIs.
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ROLE OF MICROFINANCE IN TRIBAL DEVELOPMENT: A REVIEW OF LITERATURE

ROLE OF MICROFINANCE IN TRIBAL DEVELOPMENT: A REVIEW OF LITERATURE

K.G. Karmakar 1 (1999) in his work “Rural credit and Self Helf Groups: Microfinance needs and Concepts in India”, examines the existing credit delivery system in India with special reference to the credit needs of the rural poor. He studies the importance of the micro-credit needs for tribal women in rural areas and the micro enterprises in the non-farm sector in Odisha. The study focuses on the availability, credit requirements and the problems faced by the tribal people in availing of it. He feels that the setting up of micro-enterprises particularly in the non- farm sector would go a long way in reducing poverty in rural areas. According to him, the micro-credit approach through SHGs would be the only best mechanism to deliver credit to the rural poor. Puhazhendhi and Satyasai 2 (2000) assessed the living conditions of SHG members after they were linked to banks. Their study covered 560 households in 223 SHGs encompassing 11 states. These states spanned over central, southern, northern, western and eastern regions of the country. The findings noted that the impact of the post-linkage period was reflected in an increase of self- worth, better communication ability and increased awareness of social evils.
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Microfinance   evolution, and microfinance growth, of India

Microfinance evolution, and microfinance growth, of India

growth. (Lützenkirchen Cédric & Weistroffer C, 2012). The evolution of the microfinance in India as a powerful tool for poverty alleviation. Where institutional finance failed microfinance delivered, but the outreach is too small. There is a question mark on the viability of the microfinance institutions. There is a need for an all round effort to help develop the fledgling microfinance industry while tackling the tradeoff between outreach and sustainability. (Lützenkirchen Cédric & Weistroffer C, 2012). (Bhatia Anshu Malik Deepak & Sindhi Vikas 2013) uses specific details to draw the reader into the scene: It is stated that in India have brought a fresh focus upon the problem of regulation in the field of microfinance. Three (3) distinct aspects where government needs to play role. The first is to services. The second is that of prudential oversight of risk-taking by firms operating in microfinance, since this could have systematic implications. The third is development role, emphasizing scale up of the microfinance industry where the key issues are diversification of access to funds, Innovations in distributions and product structure, and the use of new technologies such as credit bureaus and the uid.
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WOMEN ENTREPRENEURSHIP AND RURAL DEVELOPMENT IN INDIA

WOMEN ENTREPRENEURSHIP AND RURAL DEVELOPMENT IN INDIA

Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn. Entrepreneurship has gained greater significance at global level under changing economic scenario. In spite of various entrepreneurship development programmes launched by the Govt. and non-government agencies, the entrepreneurs are encountering a number of problems for establishing economically viable small- scale units. Women contribute significantly to the running of family businesses mostly in the form of unpaid effort and skills. Programmes meant to reach women entrepreneurs can succeed only if they take note of this paradox as well as of the familial and social conditioning that reduces the confidence, independence and mobility of women. Therefore, instead of just schemes (financial and developmental) as the carrot for entrepreneurship development an intensive training needs to be provided to the women and youth in rural India and create an entrepreneurship training system as per integrated rural development program. Rural entrepreneurship is the answer to removal of rural poverty in India. Therefore, there should be more stress on integrated rural development programs. This paper focus on the steps taken by government to empower women entrepreneurs in rural India and the problems still faced b women entrepreneurs in rural areas in India.
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An Empirical Assessment of Women Entrepreneurship Initiatives of JKEDI (Jammu & Kashmir Entrepreneurship Development Institution)

An Empirical Assessment of Women Entrepreneurship Initiatives of JKEDI (Jammu & Kashmir Entrepreneurship Development Institution)

Women are an important part of the society and play a significant role in nation building. Women constitute around 48% of the population of India. Equal opportunities need to be provided to them in every sector be it science, technology, business, etc. for the development of the nation. Their participation is a must in the economic activities for increasing productivity, fostering economic growth and ensuring livelihood security to women which has long remained a concern among policy makers. In this regard, one area having a significant impact on the economy is entrepreneurship. In addition to contributing to the economy, entrepreneurship helps in the generation of employment. This is of a vital importance especially in the state of Jammu and Kashmir where unemployment has assumed menacing proportions. JKEDI has launched various programs in this regard. Using empirical data from JKEDI, the paper tries to highlight their role in empowering women by assessing the assistance provided to women entrepreneurs, the various units set up and employment generated by them, highlighting their success. Their role in augmenting women entrepreneurship in the state of Jammu & Kashmir has been studied. In addition to this, the problems they face, their role in the economic development if the state has also been highlighted.
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Challenges and Potential of Future Agricultural Development in Jordan:  Role of Education and Entrepreneurship

Challenges and Potential of Future Agricultural Development in Jordan: Role of Education and Entrepreneurship

Commercialization microfinance approach to support entrepreneurs in agribusinesses is not really well defined and used. Commercialization microfinance approach in Jordan has proven it success, profitability and sustainability in many sectors so far, but using such approach in agriculture has a different situation. Agricultural businesses in the country are dependent on many factors and challenges. The matter is not only financial access, but water for irrigation, arable lands availability and weather impact as well. Therefore, who supported using this approach for agricultural businesses said that there is a good potential for applying this approach to agriculture too. They confirmed that GOJ and international organizations have realized the importance of agriculture development in Jordan, and started to give more support to small farmers and new entrepreneurs in the sector. They also provide financial and technical support to MFIs and organizations that provide support to stockholders in this vital sector. Experts in microfinance added that in order to make this approach more sustainable and profitable. There is a need that GOJ, international organizations and the private sector should collaborate all together to restructure the scattered programs, and to create new forms of financial support which meet the needs of newcomers into the agricultural sector. On the other hand, others who are not so optimistic about using this approach for agriculture had another point of view. They said that the challenges facing agriculture development represented by natural resources like water scarcity and limited areas of arable lands. Also the lack of legal framework for microfinance organizations makes this approach hard to apply, due to the high risk MFI will take in applying such approach. However, some of the experts in microfinance said that using micro-leasing approach would be a solution to reduce the risk on entrepreneurs and MFIs, as well as maximize the value of the loan. But again this needs a high collaboration between GOJ, IOs, private sector and MFIs to apply and operate such an approach.
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The Role of Microfinance in the Entrepreneurial Development in Pakistan

The Role of Microfinance in the Entrepreneurial Development in Pakistan

Government has not paid the due attention to the occurrence of Entrepreneurship in its policies, which it deserves. In the parallel world economy, MSMEs are playing crucial role in its activities. As compared to other economies, in Pakistan, generally, the owners of MSMEs (especially microenterprises) run their business conventionally. They lack the interest to adapt to the changes or any innovation in the strategies or system of production which brings the problem of reduced productivity. The need of entrepreneurship gets high importance on micro level due to the reason that upcoming innovations can save the resources and those resources can be utilized in more productive manner with better results. The government and MFIs should encourage entrepreneurship and should formulate friendly policies for entrepreneurship.
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Role of Micro Entrepreneurship: Empowerment of Women in India

Role of Micro Entrepreneurship: Empowerment of Women in India

Women across the India dominate the micro enterprise sector. Women Empowerment has been on government agenda form past decade and for their development and to make them self reliant micro enterprise sector was the chosen platform. With their micro business women not only help themselves economically but they also become productive asset for the country as well. Since women empowerment has been front and centre in India from some time, researchers developed the curiosity about the empowerment of women and role played by the micro enterprise in it. To satisfy this curiosity, past studies which were done on similar topic in India by other researchers are used in the present study. They are used as literature review and are the basis of this paper. Since there is few literature reviews on this topic it is an attempt made by researchers to fill this gap and the purpose of this study is to provide an extensive literature review on role of micro entrepreneurship in empowerment of women.
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MICROFINANCE IN INDIA

MICROFINANCE IN INDIA

We invite unpublished novel, original, empirical and high quality research work pertaining to recent developments & practices in the area of Computer, Business, Finance, Marketing, Human Resource Management, General Management, Banking, Insurance, Corporate Governance and emerging paradigms in allied subjects like Accounting Education; Accounting Information Systems; Accounting Theory & Practice; Auditing; Behavioral Accounting; Behavioral Economics; Corporate Finance; Cost Accounting; Econometrics; Economic Development; Economic History; Financial Institutions & Markets; Financial Services; Fiscal Policy; Government & Non Profit Accounting; Industrial Organization; International Economics & Trade; International Finance; Macro Economics; Micro Economics; Monetary Policy; Portfolio & Security Analysis; Public Policy Economics; Real Estate; Regional Economics; Tax Accounting; Advertising & Promotion Management; Business Education; Business Information Systems (MIS); Business Law, Public Responsibility & Ethics; Communication; Direct Marketing; E-Commerce; Global Business; Health Care Administration; Labor Relations & Human Resource Management; Marketing Research; Marketing Theory & Applications; Non-Profit Organizations; Office Administration/Management; Operations Research/Statistics; Organizational Behavior & Theory; Organizational Development; Production/Operations; Public Administration; Purchasing/Materials Management; Retailing; Sales/Selling; Services; Small Business Entrepreneurship; Strategic Management Policy; Technology/Innovation; Tourism, Hospitality & Leisure; Transportation/Physical Distribution; Algorithms; Artificial Intelligence; Compilers & Translation; Computer Aided Design (CAD); Computer Aided Manufacturing; Computer Graphics; Computer Organization & Architecture; Database Structures & Systems; Digital Logic; Discrete Structures; Internet; Management Information Systems; Modeling & Simulation; Multimedia; Neural Systems/Neural Networks; Numerical Analysis/Scientific Computing; Object Oriented Programming; Operating Systems; Programming Languages; Robotics; Symbolic & Formal Logic and Web Design. The above mentioned tracks are only indicative, and not exhaustive.
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