International Journal of Social Science & Economic Research
Submit Paper

Title:
MICROFINANCE: THE ONLY ONE-STOP SOLUTION FOR INEXPENSIVE CREDIT TO THE MARGINALISED IN INDIA: AN INDEPTH ANALYSIS OF THE DIFFERENT BUSINESS MODELS IN OPERATION AND THEIR SUCCESS

Authors:
Vivaan Garg

|| ||

Vivaan Garg
Vasant Valley School

MLA 8
Garg, Vivaan. "MICROFINANCE: THE ONLY ONE-STOP SOLUTION FOR INEXPENSIVE CREDIT TO THE MARGINALISED IN INDIA: AN INDEPTH ANALYSIS OF THE DIFFERENT BUSINESS MODELS IN OPERATION AND THEI

References

[1]. Age pyramids for countries at different stages of the. . . (n.d.). ResearchGate. https://www.researchgate.net/figure/Age-pyramids-for-countries-at-different-stages-of-the-demographic-transition-Source-UN_fig6_27451997
[2]. Barua, U., & Khaled, A. F. M. (2023). The Grameen Bank Microfinance model in the Global North: processes, transfer intermediaries and adoption. Journal of Comparative Policy Analysis: Research and Practice, 25(5), 546–563. https://doi.org/10.1080/13876988.2023.2223542
[3]. Bloom, D. E., Canning, D., & Sevilla, J. (2003). The Demographic Dividend: A New perspective on the economic consequences of population change. In RAND Corporation eBooks. https://doi.org/10.7249/mr1274
[4]. Human Assistance & Develop Intl. (2019, August 27). Muhammad Yunus: Nobel laureate who pioneered social business. IslamiCity. https://www.islamicity.org/21412/muhammad-yunus-nobel-laureate-who-pioneered-social-business/
[5]. Keohane, G. L. (2014, July 23). The bold vision of Grameen Bank’s Muhammad Yunus. Harvard Business Review. https://hbr.org/2010/05/the-bold-vision-of-grameen-banks-muhammad-yunus
[6]. Kota, I. (2007). Back to basics: Microfinance: Banking for the poor. IMF eLibrary. https://doi.org/10.5089/9781451953824.022.A015
[7]. Wondirad, H. A. (2020). Competition and microfinance institutions’ performance: evidence from India. International Journal of Corporate Social Responsibility, 5(1). https://doi.org/10.1186/s40991-020-00047-1
[8]. NABARD - National Bank for Agriculture and Rural Development. (n.d.). https://www.nabard.org/content.aspx?id=651

ABSTRACT:
The paper analysed the strengths and the weaknesses as well as the requirement of MFIs in developing economies like India. It also used primary data to indicate the increasing disbursement of finance through this medium to women and laggard states of India. Regulatory norms by the RBI have effectively resulted in reducing the disbursal rate of interest by private MFIs as well as enforcing strict audit norms. The increasing use of this source of finance has been enhanced by the adoption of UPI.

IJSSER is Member of