Top PDF Rural finance for growth and poverty alleviation

Rural finance for growth and poverty alleviation

Rural finance for growth and poverty alleviation

The critical policy issues thus are: (i) continuing to make credit available at current levels (or higher levels if a faster rate of growth is desired) while ensuring the financial survi[r]

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Fiscal Scenario of South Asian Countries: Implications for Economic Growth and Poverty Alleviation

Fiscal Scenario of South Asian Countries: Implications for Economic Growth and Poverty Alleviation

In order to stimulate economic growth, curtail the incidence of poverty and improve the indicators of human development, these countries require tremendous amount of resources to finance development and social expenditures. Given the downward rigidity of current expenditure, and crucial importance of the development expenditure, the only way would be to mobilize additional resources by generating higher level of tax and non-tax revenues. Therefore, there is an urgent need for implementing tax reforms. To this end, these countries have to bring under-taxed and un-taxed sectors in the tax net. Above all, sincere efforts should be made for curbing smuggling, corruption, tax evasion and the increasing size of the shadow economy. In addition, the tendency to acquire both external and internal debt to finance deficit without comprehensive analysis needs to be restricted. In this context, it is especially necessary that resort to domestic debt should not be regarded as a risk-free option. The fact is that domestic debt increases inflation. It is therefore necessary that bank and non-bank borrowings through domestic sources for budgetary support should be kept within safe limits. Furthermore, privatization proceeds must be utilized to retire public debt rather than to finance current expenditure.
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The Inclusive Finance Have Effects on Alleviating Poverty

The Inclusive Finance Have Effects on Alleviating Poverty

This paper refers to the following indicators as control variables: 1) Govern- ment expenditure. The government’s tax and transfer payments to the low-in- come class will affect the income gap of a country, which leads to a redistribu- tion of income for a country, and it can narrow the income gap between the rich and the poor and alleviate poverty, so we can image the coefficient is negative; 2) Per capita GDP. Per capita GDP can measure economic growth, help narrow the gap between rich and poor to a certain extent, poverty alleviation, so the index is expected to be negative. The Kuznets curve, which reflects the relationship be- tween economic growth and income inequality, is an inverted U-state, indicating that income inequality is deteriorating with economic growth when the per ca- pita income level is low. Once the per capita income level exceeds a certain level, The income inequality will gradually ease, the gap between rich and poor will shrink; 3) Inflation rate. Inflation is directly related to the standard of living of the people, and the high price will lower the the quality of life to a certain extent, especially for the low-income class, which is bad to alleviate poverty, so the coef- ficient is expected to be positive.
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Impact of Micro Finance on Poverty Alleviation with special reference to Selected Rural Area at Karnataka

Impact of Micro Finance on Poverty Alleviation with special reference to Selected Rural Area at Karnataka

Microfinance deals a non-technical overview to the wide arrangement of whole financial and non-financial services of the world's poor. Micro finance programs for alleviating poverty in Karnataka. As a developing county, poverty is serious problems of Karnataka. Government and Non-Government Organization of the country are lunching poverty alleviation progammes in the country. . The result of the study showing that there is bordering influence of microfinance organizations just before the growth in the welfare of the households.

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SMALL AND MEDIUM SCALE ENTERPRISES AND ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA: AN EMPIRICAL INVESTIGATION

SMALL AND MEDIUM SCALE ENTERPRISES AND ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA: AN EMPIRICAL INVESTIGATION

The study examined the impact of SMEs development on economic growth and development and also identified factors that contribute to the development of SMEs in Nigeria. Structured questionnaire was used to collect data from seventy (70) respondents in different sectors through judgemental method. The method of analysis is that of correlation coefficient and multiple regressions while the method of estimation is Ordinary Least Squares (OLS). The result revealed that SMEs development has significant impact on economic growth and development in term of poverty alleviation and employment generation. The study also indicated that access to finance is a major problem to SMEs development in Nigeria. The study concluded that SMEs development in Nigeria is an antidote to unemployment and poverty. Therefore, paper recommended that government should assist SMEs operators to have access to funds at lower rate of interest and reduce the importance attached to the collaterals and also federal government should provide enabling environment for the SME operators through provision of social amenities and reduction of excise duties.
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Poverty Alleviation of Rural People through Good Governance in Bangladesh

Poverty Alleviation of Rural People through Good Governance in Bangladesh

Good government has eight major features. They are - participatory, agreement focused, responsible, clear, sensitive, efficient and effective, reasonable and comprehensive and follow the concept of law. It guarantees reducing crime and considering the unprivileged opinions in the decision-making process. For example, government may be described the way socio-economic energy is worked out in handling matters within a group. However, sense problem is increased if only the results of laughable government are considered or signs are developed with particular focus to rationalize a conceptual viewpoint. For example, one may associate government to the exercise of rights and the promotion of individual rights; some may suggest governmental participation; while some others in the name of concern for the poor and the insecure may over highlight some public signs. The Globe Standard bank describes Governance as control over State energy with focus on the economical aspect of the control. Oriental Standard bank and other International Financial Companies highlight certain components which correspond with growth, growth, and poverty. The danger in such plan motivated meaning is that it might neglect the passions, concerns and the mind of inadequate people. Probably, it is useful to intricate purpose of government by the evaluating important components of proper government. The comparison of explanations employed by Globe Standard bank, Int-Am DB, UNDP, and ADB is given in Table 3.It is also sensitive to the present and future needs of group. The fundamental elements of good governance are in below.
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The Role of Microfinance on Poverty Alleviation and Its Impacts on People and Society: Evidence From the Grameen Bank

The Role of Microfinance on Poverty Alleviation and Its Impacts on People and Society: Evidence From the Grameen Bank

Microfinance program has a positive impact on the lives of the poor. Microfinance has sensitized the health and education of society. It was based on improving the living conditions of the poor. Microfinance program improves access to and control over resources and women's participation in decision-making. In a world where almost half of the population lives in poverty, offer microfinance innovation, small loans to low-income groups to generate income and employment for local authorities. Thus, micro has been elaborated as an important tool for economic development. The poor have to wait long for the benefits of economic growth, which are separate from one another to a distance from urban areas, where economic activity is concentrated. It is important that this part of society is more convenient conventional balanced part growth for long-term sustainability of economic prosperity and social development is essential. Strengthening Social, Economic and Financial Services for People with Low Income, Living in Rural Areas (Singla, 2014). Microfinance has a very important role to play in economic development. Microfinance plays the following significant roles in economic development: Poverty Alleviation: Microfinance has found an operating tool for raising the poor how to provide financial services to start or expand small businesses, enabling them to escape poverty. This allows the poor to earn an income, so they do not have to pay for food, drinking water, medical care, and education for their children. These small businesses also generate job opportunities for local communities where jobs are rare, they can earn extra income.
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Microfinance and Rural Poverty Alleviation: A Reality?

Microfinance and Rural Poverty Alleviation: A Reality?

Despite the fact that microfinance has been used for decades as an important development tool and as a formidable programme for poverty alleviation, development practitioners still know little about the possible efficiency of microfinance activities in reducing poverty (Khandker, 2005). Consequently, little efforts have been advanced to study the effect of these programmes on the rural poor particularly in the study area of this research. This exercise will be the foremost study in this geographical area when an independent research will be conducted to study the impact of microfinance on the rural poor. The study is expected to spur the government policy directed to empower the poor with adequate credit facilities and necessary infrastructure for economic development. In this study, an attempt was made to appraise the content and performance of Micro- Finance Bank as a catalyst for enhancing economic growth, income redistribution and poverty eradication particularly in South-West Nigeria, having adjudged that Micro- Finance Banks have a key role to play in poverty alleviation programmes.
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Poverty Alleviation Programmes for Women in Lagos State, Nigeria: An Examination of the Implementation Strategies

Poverty Alleviation Programmes for Women in Lagos State, Nigeria: An Examination of the Implementation Strategies

decision- making impact still seem insignificant. The United Nations Development Programme, in its Human Development Report in 2005 highlighted part of the examples to drive home the point that despite the substantial growth in strengthening women’s capabilities, both the male and female gender still live in an unequal world. The UN meeting underlined the need to guarantee that gender orientation correspondence is an essential objective in every aspect of social and economic improvement incorporates the dialogue of poverty and its decrease. Correspondingly, the World Bank (1999) additionally made goals to address poverty concerning the diverse impacts on women. One essential objective for the World Bank group was the update of laws and managerial practices to guarantee women's equivalent rights and access to financial assets. Ugo and Ukpere (2009) agreed that gender mainstreaming fortifies women's dynamic inclusion in poverty alleviation through connecting women's abilities and commitments with full scale economic issues.
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Micro finance and poverty alleviation in Sri Lanka

Micro finance and poverty alleviation in Sri Lanka

For some, microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers. Many of those who promote microfinance generally believe that such access will help poor people out of poverty, including participants in the Microcredit Summit Campaign. For others, microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses.
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Poverty Alleviation Strategies in Nigeria: The Missing Link of Adult Education

Poverty Alleviation Strategies in Nigeria: The Missing Link of Adult Education

We have been able to establish above here to this paper that poverty is not only associated with income, but it may involve lack of self-determination, self-esteem, participatory democracy and good standard of living. In order to free people from poverty there is need for empowerment. Abadzi (2005:20) conceives empowerment as the process of increasing the capacity of individuals or groups to make choices and to transform in these choices into desired actions or outcomes. According to the scholar, empowering the poor should have a closer relationship with improving project performance and governance and growth that is pro-poor. Empowerment is thus seen as one of the top priorities in the fight against poverty. To that end, the Federal Government has been promoting increased access to basic services, better national, state and local government pro-poor market development, and access to justice.
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Rural Poverty Alleviation in India: An Assessment of Public Programs

Rural Poverty Alleviation in India: An Assessment of Public Programs

Abstract. India adopted a centralized development strategy after independence. The development strategy focusing on high growth postulated that the benefits of such growth would percolate down and would mitigate problems of income inequality, unemployment and poverty. Empirical evidence of the 1950s and 1960s, however, did not lend support to this ‘trickle down’ hypothesis. As a consequence social justice (i.e. equity) was added as another principal concern to the development strategy. In the 1970’s, ‘Garibi Hatao’ (i.e. removal of poverty) was the buzzword among policy makers. With a view to solve the problems of unemployment and poverty, both the central and the state governments initiated a series of programs. The growing significance of poverty alleviation programs in planning evinced interest among scholars for poverty studies.
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Testing Public Expenditure and Poverty Reduction Nexus in Nigeria

Testing Public Expenditure and Poverty Reduction Nexus in Nigeria

This study examines the relationship between government expenditure and poverty level in Nigeria so as to be able to find out how expansionary public expenditure has helped in alleviating poverty. The theoretical framework and methodology of this study is based on the Keynesian macro economic framework which assumes that any increase in government expenditure has positive and significant impact on economic growth and by implication on the level of poverty. Therefore, the level of government expenditure on education (especially rural); targeted poverty alleviation; power generation and rural roads are significant in stimulating growth and reducing the poverty level. The study found out that foreign aid has no impact on poverty alleviation, the more the foreign Aid the more the level of poverty. Besides, power generation and total savings are not also significant in reducing or alleviating poverty in Nigeria. The more the expenditure on power, the more the level of poverty. Following the findings, the study therefore recommends the need for establishment of more poverty alleviation programmes and strengthening the existing ones. Further, that the rural areas should be opened up so that the rural dwellers can have access to basic needs of life.
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The Effectiveness Of National Root Crop Research Institute (Nrcri) Selected Technologies In Poverty Alleviation Among Rural Households In Abia State, Nigeria

The Effectiveness Of National Root Crop Research Institute (Nrcri) Selected Technologies In Poverty Alleviation Among Rural Households In Abia State, Nigeria

The study was conducted in Abia State, Nigeria. The State is one of the 36 states of the Federal Republic of Nigeria which was created on 27th August, 1991, and is located in the south-east geo-political zone of Nigeria. It lies between longitude 7 o 23‘ and 8 o 02‘‘E and Latitude 5 o 47‘ and 6 o 12N. According to the 1991 provisional census figures, the State has a population of 2,297,278 people comprising 1,808,357 males and 1,189,621 females. It covers a land area of 776,720 square kilometers. Abia State shares boundaries with Imo, Ebonyi, Enugu, Rivers and Akwa Ibom states. Current census statistics puts the State at a population of 2,833,000, with an annual growth rate of 2.83% and a population density of about 580 persons/ km 2 [8]. Multistage random sampling technique was used in selection of three local government and six communities and ten rural households from the selected communities which us a sample size of 60 rural households. Objective 1, 3 and 4 were analyzed with descriptive statistics, while 2 was analyzed poverty gap analysis.
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Contribution of Micro Finance on Poverty Alleviation in Bangladesh

Contribution of Micro Finance on Poverty Alleviation in Bangladesh

Poverty exists through the world as a curse and a big trouble in the way of development. When people deprived of their basic needs such as food, cloth, shelter, education, treatment and so on is termed as poverty .This paper is to examine empirically the impact of micro-credit on poverty alleviation in Bangladesh. The regular growth of the micro finance concerned parties has been promoted not only by market forces but also by conscious actions of national governments,Non-Governmental Organizations (NGOs) and the donors who view microfinance as an effective tool for eradicating poverty. This paper argues that microfinance can be considered as an important element for an effective poverty reduction strategy especially in rural areas. This study is developed by descriptive analysis based on secondary data. After the analysis of collected data and information, it shows evidence that practically microcredit can be considered as an effective tool for poverty reduction in developing countries like Bangladesh. To be more ensure that how much and how the microcredit really reduces poverty, further study and research should be carried out in future .
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Poverty and Crime: Impact of socioeconomic factors on crime in India

Poverty and Crime: Impact of socioeconomic factors on crime in India

Economic analysis of crime and criminal law addresses the question of individual welfare (utility) maximization through optimal allocation of resources and time in accordance to their relative returns. India is chosen as the case study because it has to carefully channel its funds and resources towards economic growth, poverty alleviation and crime deterrence concomitantly. The results indicate a positive and statistically significant impact of poverty, inequitable income growth and low quality of the legal system on incidence of total property-related crimes. Moreover, the elasticity figures suggest that poverty has the highest impact on robberies. Most convincing result comes from the figures of elasticity of education with crime.
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NGOs, Micro-finance and Poverty Alleviation: Experience of the Rural Poor in Pakistan

NGOs, Micro-finance and Poverty Alleviation: Experience of the Rural Poor in Pakistan

It is perhaps the result of higher rates charged to borrowers that repayment performance of members in VOs/WOs of AKRSP has tended to deteriorate over time. This trend is most noticeable as the recovery rate have slid from 98 percent in 1983 to some 77 percent in Gilgit and its sorroundings during 1991-93. Amongst others, causes of generally declining repayment performance may be attributed to (a) decreasing intensity of AKRSP activities in a village over time; (b) rational selection of lowest risk activities at the outset and gravitation toward larger, riskier ventures over time; (c) borrowers probing the effects of delays in repayment coupled with; (d) AKRSP’s reluctance to move forcibly and its proclivity to try and reach a solution through dialogue, which is possibly the only recourse when loans are unsecured; (e) lack of a plan devised to deal with loans affected by catastrophic situations such as communal strife; and finally (f) limits to growth of economic activity in the area which are a function of human resources, and the area’s continued isolation from the rest of the country [World Bank (1996)].
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Poverty Alleviation through Education in Rural Areas  a Case Study

Poverty Alleviation through Education in Rural Areas a Case Study

Education is one of the key ingredients in poverty reduction particularly in rural areas. However, as the Millennium Development Goals show, the emphasis is often on basic education and literacy rather than lifelong or continuing education. Research has shown that literacy alone is not sufficient to empower people, though it can help the population partially. Amit Deb 1 explained that around 37.2% of Indian populations are in below poverty line. The ICT development can moderately improve the literacy rate, economic development and job creation. By achieving these, one can expect market rise and poverty alleviation. He suggested in his studies that ICT applications are to be developed not only in education but also in agricultural sector so that the growth rate in production of agro products will improve. He also suggested that ICT is to be taught to rural girls and women. To understand the impact of ICT and to get positive returns, it is advisable to provide education to the girls and women of rural population and they educate not only their families but also society as a whole. The effects last for generations in the form of enhanced earning capacity, increased access and opportunities in the labour market, reduced health risks associated with pregnancy and childbirth, and often greater control by women over their own lives. Many of these arguments would also apply to people with disabilities; they are rarely included in poverty reduction plans. Such plans need participatory educational approaches that aim to empower, integrate, change attitudes and increase opportunities for independence. Pervez and Usman 2 carried out a study on poverty alleviation by educating the rural population. They used panel data of 40 developing countries for the period 1999 to 2007, and estimates coefficients by applying the random effect generalized least squares (GLS) technique. Their study concluded that, income growth plays a moderately positive role in alleviating poverty, but that income distribution does not play a key role in poverty alleviation in the sample overall. Second, they concluded that education is the most significant contributor to poverty alleviation. Also, they stated that economic policy making in developing countries, without neglecting income growth and income distribution, should focus primarily on promoting education. At the same time, countries with comparatively higher per capita incomes should focus more on the distribution of income to achieve their objective of poverty eradication.
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A Move towards Rural Development in India: An Overview

A Move towards Rural Development in India: An Overview

Abstract : The fact is that the rural development in India has always been remained the focus point of the economic development and growth during the entire planning period. Therefore, the Government of India has launched and initiated many poverty alleviation programs and schemes to combat the hindrances in the way of rural development. Despite the many moves towards rural developments, it has been observed by many studies that there are many hindrances in this process. However, the first initiative was taken as Panchayati Raj on 02 October 1959 from Rajasthan. Further, to eradicate rural poverty and strengthen of rural development some of the schemes such as: IRDP, PMGSY, SGSY, SGRY, IAY, JGSY, EAS & MGNREGA have been implemented. These plans and schemes have been implemented through the
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Poverty alleviation programs of rural India: comprehensive policy analysis

Poverty alleviation programs of rural India: comprehensive policy analysis

The Document of Ninth Five Year Plan found several shortcomings which has hindered its successful and effective execution in some States. Several Self-Help Groups (SHGs) have become defunct over time. The reasons include improper selection of groups; lack of homogeneity among the group members; and selection of non-viable economic activities which are mostly traditional and yield low income. The linkages for supply of raw material and marketing of production are either deficient or not properly planned. The result is DWCRA groups have become vulnerable to competition (Ghosh, D.K. 1993). In Andhra Pradesh and newly formed Telangana as well, the DWCRA program is intended to improve the survival of young children and women and the quality of lives of women and children, and to achieve a significant growth in the income of poor women through appropriate interventions and to organize women in groups to create a demand pool on the existing delivery system along with creation of awareness to strengthen their bargaining capabilities. Available research found that there has been slight improvement in the levels of household income of most of the beneficiaries studied. However, in majority of cases, the improvement does not seem sufficient to enable them to cross the poverty line. Even though a majority of the beneficiaries could not derive much income from the activities, a few of them have made marked improvement in their asset position (S. Mahendra Dev P.Padmanabha Rao, 2002:86).
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