RECENT DEVELOPMENTS IN MICRO FINANCE INDUSTRY IN INDIA AND IN THE WORLD – AN ANALYSIS
Abstract
This article is an attempt to find out the recent developments which happened in Micro finance industry in the world, in the process of identifying the developments, the authors understand that, this industry is heading towards the growth of 42.9 percent year on year and lending quantum increases to Rs. 190,684 crores at the first quarter of 2019 in a report of Micro Finance Institutions Network-MFIN in India. This industry will double its size in the span of five years. According to the father of Micro finance, “Muhammad Yunus” “the deposits of the poor must be utilized for financing their needs”, perhaps that is the wake-up call for all commercial banks here in India on Micro financing. Recent developments which had happened around the world has been analyzed in the endeavor.
Keywords:
Micro Finance, Micro Finance Industry, MFIN, Financial Inclusion, Financial ServicesDownloads
References
Ann, R. (2018). Microfinance: What It Is and Why It Matters. Business News Daily, 25th April. Retrieved From: https://www.businessnewsdaily.com/4286-microfinance.html
Bharat Microfinance Report. (2017). Sa-Dhan- The Association of Community Development Finance Institutions. Retrieved From: http://indiamicrofinance.com/wp- content/uploads/2017/12/The-Bharat-Microfinace-Report-2017-Final.pdf
Manoharan, P., Ramachandran, R. & Devi, N. (2011). Micro Finance Institutions in India–A Study on Financial Performance. International Journal of Micro Finance, 1(1), pp 57-68.
Moingeon, B., Yunus, M. & Lehmann-Ortega, L. (2009). Building Social Business Models: Lessons from the Grameen Experience. Long Range Planning, 43(913), pp 308-325.
Nasir, S. (2013). Microfinance in India: Contemporary Issues and Challenges. Middle-East Journal of Scientific Research, 15(2), pp 191-199.
Padama, K.M.S. (2012). Microfinance and its risk management practices in India: A conceptual study. Synergy, 10(1), pp 13-24.
Taiwo, J.N. (2012). The Impact of Microfinance on Welfare and Poverty Alleviation in Southwest Nigeria. A PhD Thesis Submitted in Partial Fulfillment of the Requirements for the Award of PhD (Banking and Finance) Covenant University, Ota, June. Retrieved From: http://eprints.covenantuniversity.edu.ng/1149/1/CU03GP0036-Taiwo%20J.%20N..pdf
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 International Journal on Recent Trends in Business and Tourism (IJRTBT)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
