TITLE OF THE PAPER : “MICRO FINANCE & THE ROLE SELF HELP GROUPS (SHG) IN MICRO CREDIT”
Author:- Dr. Jayeshkumar C. Jani
Faculty of Business Administration
Dharmsinh Desai University
What is Micro Credit
Banking Rates and Norms
Role of SHG
Advantages of Financing Through SHG's
Role of NGQ in Micro Credit
Micro-Finance Credit Lending Models
Micro Credit Loan Delivery Models
Recent Studies on Micro Credit
Legal Frame Work
Availability of credit is the basic requirement to any citizen, more so, to a poor person. Credit, should be timely as well as easily available. Formal institutions, including nationalized banks are unable to meet the micro credit requirements of the poor people, as normally credit for income generation has been institutionalized rather than micro credit for various purposes. This has left poor persons with no option except to depend on moneylenders for credit. Money lenders with abundant common sense offer timely - but a exploitative credit, which act as a poverty trap for the poor. Various studies have proved that in rural India, a person taking credit from money lender for health or for a ritual like marriage forever has gone below poverty line.
Poverty as we understand is a complex phenomena and it cannot be solved only by providing income generation assets but through comprehensive personality development of poor person enabling him/ her to meet various needs.
Micro Credit is defined as provision of thrift, credit and other financial services and products of very small amount to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards. Micro Credit Institutions are those which provide these facilities
"Whenever I use the word "micro credit" I actually have in mind Grameen type...