Microfinance in India: issues, problems, and prospects : a critical review of literature/
S.L. Shetty.
- New Delhi: Academic foundation, 2013.
- 658 pages ; 24 cm
Includes bibliographical references (pages 619-658).
1. Baclcground to the Study. Theoretical Undercurrents Relevant to the Study Structural Disabilities of the Indian Economy: Imperatives of Concerted Institutional Support for the Marginal Groups Nature of Financial Exclusion amongst Farm Households and Non-Farm Enterprises Need for a Theory of Finance Accommodating the Structural Characteristics of the Indian Economy 2. Microfiiiance: The Concept, Models and Histoiy The Concept of Microfinance The Origin and Histoiy of Microfinance Movement Extant Models of Group Financing Arrangements in Vogue Commercial Banks in Microfinance International Initiatives in Microfinance 3. Countiy Models and Experiences NGO-Supported inFls Government-Supported Microfinance Bank-Supported niFI Arrangements 4. Evolution of Microfinnnce in India SEWA Bank SHC-Bniiks iinka^ic rrngrammc of NABARD SIDBI Foundation for Micro-Credit ISFMC) Microfinancc in Government Programmes Independent Private Microfinance Institutions Mierofinance Programme of ICICI Bank 5. Factual Profile of Microfinance Seetor in India. Overall Fact Sheet of Progress of SHG-BL Programme SIDBI Foundation for Micro-Credit (SFMC): A Progress Sheet Progress of Independent niFIs Microcredit and Mainstream Banking; A Distressing Case of Financial Exciiision 6. Regulation and the New Bill Laissez-Faire Approach to Regulating mFIs Regulation of the mFI Sector: The Indian Story Fresh Proposals for MFI Regulations in India; Controversies a Galore The Malegam Committee, the RBI Response, the mFI Bill of 2011 and All that 7. A Detailed Review of Evaluation and Impact Studies State of the Microcredit Summit Campaign Reports; Scope for Caveats on Claims of Outreach Impact of Microfinance; Divergent Results 8. Emerging Debate on Critical Issues Critical Issues of Concern for mFIs Mierofinance; Future Challenges and Strategics 9. Conclusions and Recommendations. An Assessment; Wider Challenges before the Financial System Key Suggestions and Recommendations concerning the Total mFI Sector Financial Inclusion; Resurrection of the Goals of Bank Nationalisation and Renewed Emphasis on Small and Informal Sectors Substantive Recommendations on the Role of the Financial System for Broadening Growth and the Pattern of Development