The age old saying, ¿India is a rich country where poor people live¿, still holds well. In the present era there is a need for practical and workable solutions to improve the socioeconomic conditions of the poor in India, thereby helping in wiping out the deep-rooted problem of poverty. Globalization has brought substantial benefits around the world, but in many developing countries it is contributing to a growing disparity between the rich and the poor. Microfinance emerged as a noble substitute for informal credit and an effective and powerful instrument for poverty reduction among people who are economically active but financially constrained and vulnerable in various countries. It covers a broad range of financial services including loans, deposits and payment services, and insurance to the poor and low-income households and their microenterprises.Persuaded with the potential role of micro financing in alleviating poverty, the South Asian countries especially India&Bangladesh have been actively pursuing the policy of setting up formal network of microfinance institutions. These institutions include NGOs/NBFCs and government sponsored programs.
| Autorius: | Brijesh Rupapara, Jitendra Patoliya, |
| Leidėjas: | LAP LAMBERT Academic Publishing |
| Išleidimo metai: | 2012 |
| Knygos puslapių skaičius: | 188 |
| ISBN-10: | 3659107263 |
| ISBN-13: | 9783659107269 |
| Formatas: | Knyga minkštu viršeliu |
| Kalba: | Anglų |
| Žanras: | Law, citizenship and rights for the lay person |
Parašykite atsiliepimą apie „Microfinance: Problems Faced by Microfinance Institutions and Measures to Solve it“
