STATUS OF MICROFINANCE IN INDIA; A STUDY BASED ON SELF HELP GROUPS

MUHAMMED SHAFI MK

Abstract


Microfinance is an economic activity which deals with small scale financial services like lending loans and collecting funds for small scale industries. In India around 800 MFIs (Micro Financial Institutions) are prevailing in which south India is the most dominated province for micro financial activities. Andhra Pradesh is overwhelmed state in micro finances which posses more than 60% of Indian microfinance sector. It also play a pivotal role in keep up socio economic balances in regional areas.NGO, NBFCs and RRB are the key players in this sector with prominent methodologies like SHGs (Self Help Groups) and SBLP etc. moreover there are some Types of Informal Credit Suppliers found in India (including financial intermediaries) which are Chit funds, Nidhis, Brokers, financial co-operations etc. This research is mainly based on quantitative analysis collected from statistical data revealed by micro financial entities and supportive institutions like NABARD, SIDBI etc. This attempt explore overall micro financial intermediaries in India on the regional basis like south, west etc in which it emphasize on SHG entities operated by various financial institutions.

Keywords: Microfinance, SHGs, Delivery methods


Keywords


Microfinance, SHGs, Delivery methods

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References


Mr. Saidalavi

Assistant Professor

MANU University- Hyderabad

Email:saidalavipost@gmail.com

Dr.Saneem Fathima

Associate Professor

MANU University- Hyderabad

Email:saneemf@gmail.com


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