Microfinance & Financial Inclusion

S. Teki , R. K. Mishra


In Circulation

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.

What will you learn from this book

  1. Microfinance's Social Impact: Highlighting how microfinance initiatives can positively impact poverty alleviation, women's empowerment, and community development by providing financial services to the unbanked or underprivileged.

  2. Financial Inclusion: Emphasizing the importance of providing access to banking and financial services to marginalized or excluded populations, enabling them to participate in the formal financial system.

  3. Microcredit and Microloans: Explaining the principles and mechanisms behind microcredit, microloans, and other financial products designed for small-scale entrepreneurs or low-income individuals.

  4. Community-Based Financial Institutions: Discussing the role and functioning of community-based organizations, credit unions, and microfinance institutions in providing financial services at the grassroots level.

  5. Impact Assessment and Evaluation: Understanding methods to assess the impact and effectiveness of microfinance programs, measuring outcomes beyond financial metrics, such as social and economic empowerment.

  6. Regulatory Frameworks: Explaining the regulatory environment and challenges surrounding microfinance, including the need for balanced regulation to protect consumers while promoting financial inclusion.

  7. Technology and Innovation: Exploring the role of technology, mobile banking, and digital finance in expanding financial inclusion, especially in remote or underserved areas.

  8. Sustainable Finance: Discussing the sustainability of microfinance models, including ensuring the fair treatment of borrowers, managing risks, and achieving financial viability for institutions.

  9. Women's Empowerment: Recognizing the impact of microfinance on women's economic empowerment, including increased decision-making power and financial independence.

  10. Challenges and Future Trends: Addressing challenges such as over-indebtedness, interest rates, and the need for continued innovation in microfinance to adapt to changing economic and social landscapes.

Language English
ISBN-10 8171889484
ISBN-13 9788171889488
No of pages 316
Font Size Medium
Book Publisher Academic Foundation
Published Date 01 Jan 2012

About Author

Author : S. Teki


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