Microfinance in India provides an informative and holistic status of microfinance in the country and suggests a road map for the future. A valuable source of information for policy makers, Finance and Management students, and professionals alike, it is a collection of essays by experts from diverse backgrounds on topical themes that capture the complexities of the continuously evolving microfinance sector in India. It covers major microfinance delivery models in an unbiased manner through well-researched articles.
The book provides an overview on microfinance institutions and measures that help promote the same. Among other things, it reflects upon the challenges faced by the dominant credit delivery model, i.e., SHG-Bank Linkage Programme and issues related to the emerging microfinance institutions (MFIs). It also dwells upon innovations in the microfinance sector and the efforts being made to evolve new models such as SHG Federations.
Table of Contents:
Foreword
I: MICROFINANCE: AN OVERVIEW
A Financial System for India`s Poor - Priya Basu
Microfinance Revisited - K G Karmakar
II: MICROFINANCE INSTITUTIONS (MFIS)
MFIs in India: An Overview - K Muralidhara Rao
Regulatory Framework for MFIs - Krishan Jindal
Promoting Linkages between Banks & MFIs - P Satish
Sustainability of MFIs - Vijay Mahajan
III: SHG-BANK LINKAGE PROGRAMME: PROGRESS & PROSPECTS - Sukhbir Singh
SHGs and Savings Mobilization - H R Dave
Livelihood Promotion among SHGs - Pradeep Kashyap
Emerging SHG Federations and Challenges - C S Reddy
Sustainability of SHGs - N Srinivasan
Impact of SGSY on SHG: Bank Linkages - Thanksy Francis Thekkekara
IV: SUCCESSFUL MFI MODELS
Why Sanghamitra is Different? - Aloysius P Fernandez
Beyond Microcredit: Building Nested Institutions of Savings and Credit Groups in India - The Kalanjiam Experience - K Narender
Banking with Poor Self-employed Women - Jayshree Vyas
Good Practices in SHG Book-keeping: Three Case Studies - Jan Meissner, Ramakrishna and Marie Luise Haberberger
Attaining Outreach and Viability: Case Study of Bandhan - A K Padhi
V: SUCCESSFUL BANK MODELS
Pandyan Grama Bank SHG Linkage Model - S Manickam
Prathama Bank: Farmers` Club Model - L R Ramachandran
Bidar DCCBs-PACS Model - B B Mohanty
Chandrapur DCCB-Anganwadi Model: A Case Study - S Santhanam
VI: INNOVATIONS FOR GROWTH
Role of Technology as a Growth Catalyst in the Microfinance Sector - Niket Kamdar and Puneet Gupta
Leveraging Mutual Guarantees for Gaining Financial Access: Joint Liability Groups as Collateral Substitutes - B S Suran
The `Credit Plus` Approach for Tribal Development - K G Karmakar and N P Mohapatra
Innovations in Credit Delivery System - K G Karmakar and N P Mohapatra
Index
About the Author :
K G Karmakar, PhD, was Managing Director of National Bank for Agriculture and Rural Development (NABARD). With over 30 years of professional experience as an executive in various banking and financial institutions such as State Bank of India, Reserve Bank of India and NABARD, Dr Karmakar has specialised in agriculture/rural credit, corporate planning, micro-credit, project management and rural infrastructure development. He has many publications to his credit such as: Agricultural Project Management for Bankers; Rural Credit and Self-Help Groups and Microfinance in India. He has published more than 60 articles related to rural credit and rural development, some of which has been presented in national and international seminars.
Review :
The book has a very good collection of essays and articles that analyze the potential of the Indian microfinance industry and examine the approaches for microfinance development in India….It is indeed quite useful for development professionals, evaluators, planners, managers, administrators, researchers and social sector students. It is easy to read and comprehend and is equipped with subject-author index and contains figures, boxes, tables, references and footnotes in the main text which are indicators of a reader affable book.
The book is well-organised and possesses a judicious mix of both theoretical content and practical experience of cross-country success stories of development sector…the volume makes a significant contribution to the literature on micro finance. It is very useful to the development practitioners and the academicians involved in the micro credit programme.
This book is a collection of essays by a range of microfinance experts…The book provides the reader with a comprehensive overview of the challenges faced by various microfinance delivery models and suggests possible innovations in evolving new credit delivery mechanisms…. this publication has made a valuable contribution to the microfinance literature and comes at a time when India’s microfinance sector is in a state of flux, presenting an abundance of opportunities for investors, policy makers and microfinance professionals alike. The book will be of interest to policy makers, academics and microfinance professionals. It might also be a good introduction for readers who are not familiar with microfinance in an Indian context.
This book, edited by the Managing Director of NABARD, Dr Karmakar, is a valuable addition to the growing literature on the subject. Practically all aspects of micro finance business are covered by the authors, where authenticity is quite visible…. This book is a good collection of articles on various dimensions of micro finance, enriched by the collective wisdom of the contributors.
This book is a collection of 25 papers on different issues related to micro finance in India….the present work should be welcomed as addition to the present range of literature on this very important subject. The editor and his colleagues deserve appreciation.
[This book] provides an informative and holistic status of microfinance in the country and suggests a road map for the future.
