Microfinance in India: An Overview of Microfinance and SWOT Analysis of Microfinance

Satyajit Roy

affiliation not provided to SSRN

January 25, 2011

This paper appraises options for research relating to microfinance in India, doing so in the broad context of rival macro pressures to accelerate economic growth, maintain political order, reduce poverty and adapt to climate change. This paper first set out a general well-being regime framework that can be used for this analysis and sketch the role microfinance plays within it. Section 2 uses it to inform a brief introduction of Microfinance. Section 3 is developed by various Microfinance institutions. Section 4 is brief history is Microcredit and difference between Microfinance. Section 5 is used these examples to discuss methodological options for policy-relevant empirical research. It also suggests that microfinance is an important arena for exploring empirically the tension inherent in the idea of development management. The term microfinance is widely used to refer to institutions governing savings, credit, insurance and monetary payments by relatively poor people, including those regulated by both official laws and informal norms. Analysis of microfinance is widely framed as a purely micro issue, centered on the motivation and behavior of specific users and providers. However, such analysis is almost invariably located - whether explicitly or implicitly - in a wider view of how the state, markets and society institute poverty. In India as elsewhere, for example, private microfinance organizations is viewed positively as a force for promoting financial inclusion by 'making markets work for the poor,' and at the same time viewed negatively as a smokescreen behind which the state can retreat from a 'social banking' strategy of mobilizing much larger resources to challenge pervasive and chronic indebtedness.

Number of Pages in PDF File: 24

Keywords: Microfinance, Microcredit, SWOT Analysis of Microfinance

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Date posted: January 26, 2011  

Suggested Citation

Roy, Satyajit, Microfinance in India: An Overview of Microfinance and SWOT Analysis of Microfinance (January 25, 2011). Available at SSRN: https://ssrn.com/abstract=1747874 or http://dx.doi.org/10.2139/ssrn.1747874

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