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Microfinance
is
an
emerging
32
Internet-based
directed
or
contemporary
reliance.
to
ultimately
benefit
the
poor
funding
issues
model
and
Microfinance
challenges
in
Non-Government
Private
Organizations
Foundations/Trusts,
(NGOs),
Cooperatives,
Financial
Institutions
(NBFCs).
M.L.Chhipa(2011) emphasized on
Review of Literature
have
Counter
focused
on
Strategies
to
33
posses
Finance Institutions.
some
drawbacks.
Despite
significant
2.
To
explore
the
strategies
to
be
challenges.
Amount
2011-12
No. of
SHGs
(lakh) Amount
Total
SHGs
47.87
31221.2
43.54
36340
44.51
39375.3
Of which
SGSY
Groups
12.86
7829.39
12.16
8054.83
11.93
8597.09
Groups
to Total
26.9
25.1
27.9
22.2
26.8
21.8
39.84
26123.8
36.49
30465.3
37.57
32840
83.2
83.7
83.8
83.8
84.4
83.3
Particulars
Loans
Outstanding
against SHGs
as on 31
March
All
Women
2012-13
No. of
SHGs
Amount
(lakh)
SHGs
% of
Women
Groups
to Total
34
small
rural
borrowers
have
irregular/volatile
legal
and
regulatory
framework
5. Interest Rate
institutions
and
therefore
require
being
Interest Rate
1.
15 %
2.
12 %
3.
WWF Production
18 %
4.
24 %
5.
13 %
6.
24-36 %
7.
24-60 %
less education.
8. Unequal distribution
attention on women.
There
7. Education Level
is
unequal
geographical
growth
of
35
Table 3: Regional
No. of primary
Federations
Region
No. of secondary
No. of tertiary
federations
federations
Total
2007
2013
2007
2013
2007
2013
2007
2013
Northern
126
371
21
24
14
147
409
North Eastern
122
369
10
18
132
387
Eastern
5,745
62,189
105
2,940
56
5,852
65,185
Central
487
5,459
334
180
821
5,641
Western
663
8,629
11
664
8,641
Southern
59,172
83,268
2,093
3,185
22
25
61,287
86,478
66,310
160,286
2,571
6,358
22
98
68,903
166,742
Union Territories
All India
problem
in
growth
and
expansion
of
the
institutions.
12. Negligence of Urban Poor
10. Improper usage of Loan
It has been noted that MFIs pay more attention to
Loan raised through microfinance is mainly used
Micro-credit.
2010
2011
2012
2013
67694
116208
181753
268454
2010
2011
2012
2013
36
Urban
Locations
447
Covered
3771
5891
27143
(Source: www.rbi.org)
300000
250000
200000
150000
100000
50000
0
2010
2o11
2o12
2o13
30000
25000
20000
15000
10000
5000
0
2010
2o11
2o12
2o13
37
4.
quality
focused
14. High operational cost
new
should
be
well
as
as
reorganized groups.
for
standard
institution.
The
volume
5.
of
different areas.
women.
7.
for
the
different
self-help
promotion
groups.
of
These
sections
of
society.
Taking
into
8.
regulatory
hidden cost.
manner.
Special
federations
must
be
Leading
banks
and
industry
of MFIs.
building
38
reduction.
and
statistics
about
Chandan
Medatwal,
(2013)
Role
financial shocks.
and
Communication
of
various
>
credit
programs.
Conclusion
Microfinance is very necessary in India to achieve
financial inclusion of the poor in the rural and
urban areas. Lending to the poor population if
handled in an effective manner it can be a miracle
for the development of the country and alleviation
of Poverty. If government and MFIs act together
http://www.ijirset.com/volume-3-issue-
2.html>
D. Bansal (2011) "Microfinance Trends, Problems
and
Prospects
"
[Online]
<http://shodhganga.inflibnet.ac.in/bitstream/10603/
3031/11/11_chapter%203.pdf>
District,
<www.reserachersworld.com/vol3/issue2/vol3_issu
e2_1/Paper_09.pdf>
Rajasthan.
to
West
Bengal.
[Online]
<www.igidr.ac.in/.../mfc.../
Jyotish%20Prakash%20Basu_submission_55.p..>
K. Baby, Tools for Women Empowerment and
Gender Equality. Journal of Rural Development,
Vol. 61, No. 10 ( 2013), pp. 20-23.
39
of
M.
Padmalochan
et
al(2012)."
Status
http://indianresearchjournals.com/pdf/IJMFSMR/2
012/November/13.pdf
Solidarity and Strength: An
Exploration of
Empowerment:
Contemporary
Rajasthan,
Challenges"
http://www.ijirs.com/vol2_issue-
<
Issues
and
India.
[Online]
www.solidarityandstrenght.weebly.com/microfinan
5/49.pdf>
ce-and-its-role-in-womens
Report
by
India
Brand
Equity
foundation
[Online]
<www.ibef.org>
<http://www.microfinancegateway.org/gm/docume
"Microfinance
challenges"
Implementation
Report
by
Infosys
and
Policy
and
finacle
nt-1.9.24202/11.pdf>
Tiyas Biswas, (2007) Women Empowerment
www.Infosys.com /finacle.
and
Microfinance
Dheeraj
in
(2011).
women
"Role
of
Empowerment(An
2007.
[Online]
<
[Online]
<http://jms.nonolympictimes.org/Articles/Article1.
pdf>
40