An Assessment of Self Help Groups with a Keystone of Microfinance in a Strongest State North East of India

27 Pages Posted: 2 Jan 2011

See all articles by Satyajit Roy

Satyajit Roy

affiliation not provided to SSRN

Date Written: January 1, 2011

Abstract

These days, microfinance has become an important institution and mechanism of credit delivery, particularly for the poor and the deprived. There have been a number of studies undertaken in India and other developing countries that have brought out the success of various micro finance programmes in alleviating rural poverty, promoting holistic development of individuals, communities and developing small enterprises. The ultimate recognition of the viability, suitability and efficiency of microfinance as an agent and institution of development has recently come about, because of the pioneering work undertaken by Prof. Yunus of Bangaladesh.

Microfinance and more specifically the credit element in it, is basically undertaken and promoted by various Microfinance Promoting Institutions (MFPIs). These institutions can be Non Govt organisations (NGOs), Self Help Group (SHGs) and other social groups. The importance of the microfinance programmes and the success of the MFPIs in various developing countries, get prominence, because of persistent market and government failures in the sphere of rural development in general and rural credit in particular. This very success also negates the age-old perception and belief of most of the formal sector financial institutions that the “poor are not bankable.”

Suggested Citation

Roy, Satyajit, An Assessment of Self Help Groups with a Keystone of Microfinance in a Strongest State North East of India (January 1, 2011). Available at SSRN: https://ssrn.com/abstract=1733564 or http://dx.doi.org/10.2139/ssrn.1733564

Satyajit Roy (Contact Author)

affiliation not provided to SSRN

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
263
Abstract Views
1,391
rank
130,177
PlumX Metrics