rhydam(harish)
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about micro financeTRANSCRIPT
Micro Finance In India
WHAT IS MICRO FINANCE ?
Micro Finance is the supply of loans, savings, and other basic financial service to the poor .
Micro finance means providing very poor families with very small loans (micro credit) to help them engage in productive activities or grow their tiny businesses .
Prashant
About Micro Finance
The modern micro finance movement dates back to the 1970s when experimental programs in Bangladesh, Brazil, and a few other countries began to extend tiny loans to groups of poor women to invest in micro enterprises .
By lending to groups of women where every member of the group guaranteed the repayment of all members, these micro credit programs challenged the prevailing conventional wisdom and proved that poor people without collateral could be "credit worthy". When offered the opportunity, they would repay loans with interest, at extraordinary rates of repayment.
Sanjeev
Evaluation of Micro finance in India :
Micro finance has been in practice for ages ( though
informally).
Legal framework for establishing the co-operative
movement set up in 1904. Reserve Bank of India Act, 1934 provided for the establishment of the Agricultural Credit Department. Nationalization of banks in 1969. Regional Rural Banks created in 1975. Established as an apex agency for rural finance in 1982. Passing of Mutually Aided Co-op. Act in AP in 1995.
Micro Finance In India
Ram
Micro Finance & Micro Credit
Micro
Finance
Micro
CreditSmall Loan
LoanSavings
InsuranceTransfer
financial products
HARISH
The Profile Of Micro Finance In India
Below Poverty Line 350 million people
Household 75 million
Annual credit demand 60,000 corores
Cumulative disbursements 5000 carores
Total Outstanding 1600 carores
5% of Rural poor have access to micro finance
HARISH
The Status of Micro Finance In India
Bankers feel that it is full risks and uncertainties.
High transaction costs.
Unfavourable policies.
Lack of an appropriate legal vehicle.
Limited access to equity.
Difficulty in accessing low cost on lending funds.
Priyanka
Types of Micro Credit Providing In India
Prateek
Micro Finance Institution Of India
SKS Microfinance Ltd (SKSMPL)
Spandana Sphoorty Financial Ltd (SSFL)
Share Microfin Limited (SML)
Asmitha Microfin Ltd (AML)
Shri Kshetra Dharmasthala Rural Development Project(SKDRDP)
Bhartiya Samruddhi Finance Limited (BSFL)
Bandhan Society
Cashpor Micro Credit (CMC)
Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)
Grameen FinancialServices Pvt Ltd (GFSPL)
Prateek
Micro Finance & Micro Credit
“IF You are UpliftingThe Poor
Your UpliftingThe Nation”
-> Mahatma Gandhi
Micro Finance
Thank
YouSubmitted To :
Prof. Shiji PrasannanSubmitted By :
PrashantSanjeev
PriyankaPrateek
HarishVishal
Ram
Prashant Sanjeev Priyanka Prateek Harish Vishal Ram