Microfinance and financial inclusion
- New Delhi Academic Foundation 2012
- 315 p.: illustrations 23 cm ; Hard
Bookwell
Introduction and overview -- Financial exclusion -- Role of microfinance in financial inclusion -- Indian financial system and emergence of microfinance -- Role of banks in financial inclusion -- Microfinance institutions -- Emerging innovative and creative approaches for financial inclusion: business facilitators and business correspondents -- Role of NGOs in financial inclusion -- Specialised financial institutions for financial inclusion -- Profile of the scheduled castes -- Credit needs of weaker sections of society in India -- Role of SCDCs in the financial inclusion -- Viability and sustainability issues in the scheduled castes development corporations -- Policy choices and roadmap for the scheduled castes development corporations.
An increasing acknowledgement that financial services hold the key to mainstreaming the poor and disadvantaged in India makes this detailed account of financial inclusion—both as a concept and as a veritable solution to aid in the country’s development—a timely resource. The book states that the primary goal of financial inclusion is to broaden the scope of activities of the formal financial system, thus allowing people of low income to gradually participate in the system and thereby freeing the poor from poverty. The authors argue that important financial services_such as_credit, savings, insurance, and remittances should be provided at an affordable cost to low-income citizens. Topics discussed in the book include current financial exclusion; the roles of microfinance, banks, and nongovernmental organizations in financial inclusion; the Indian financial system; the credit needs of weaker sections of society in India; and Scheduled Castes development corporations.
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Microfinance - India Financial services industry--Social aspects