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Micro Finance and Risk Management for Poor in India

Author Affiliations

  • 1 MBA Department, YMCA University of Sc. and Technology, Faridabad-121006, Haryana, INDIA
  • 2 MBA Department, Institute of Management and Technology, Faridabad, Haryana, INDIA

Res. J. Recent Sci., Volume 1, Issue (2), Pages 104-107, February,2 (2012)

Abstract

Since independence, various governments in India have experimented with a large number of grant and subsidy based poverty alleviation programmes. These programmes were based on grant/subsidy and the credit linkage was through commercial banks only. As a result, these programmes became unsustainable, perpetuated a dependant status on the beneficiaries and depended ultimately on the govt. employees for delivery. This not only led to misuse of both credit and subsidy but banks never looked at it as a profitable and commercial activity as well. This paper stresses on improving farm level efficiency through micro financing and micro insurance in achieving their economic and social goals, which at present find have largely identified only limited success.

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