COMPREHENSIVE PROJECT
³Impact of Micro Finance in India´ Of
³NABARD BANK´
SUBMITTED BY
GUIDED BY
Vivek J. Mehta
Mr Pratik Gandhi
Mayur B. Thakarar
Lecturer
MBA Sem-VI
ACADEMIC YEAR 2009-2011
SUBMITTED TO K.N.V. INSTITUTE OF BUSINESS MANAGEMENT RAJKOT
GUJARAT TECHNOLOGICAL UNIVERSITY AHMEDABAD
1. Topic
Impact of Micro Finance in India 2. Introduction
Microfinance in India became known mainly through NABARD SHGs bank linkage program and the Microfinance Institutions working through Grameen and JLG models. Microfinance has been used as an important tool for poverty alleviation. It refers to making financial services (credit, saving and insurance) available to the poor who don¶t have access to regular banks or finance/insurance companies. The recent Task Force on Micro Finance defined Microfinance as "provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi urban or urban areas, for enabling them to raise their income levels and improve living standards". However, at present credit forms the bulk of micro finance activity. The term ³Micro´ literally means ³small´, but RBI¶s recent guidelines for priority sector have defined loans up to Rs. 50,000 as microcredit.
3. Review of Literature
1. Yunus, Muhammad. Creating a World without Poverty: Social Business and the Future of Capitalism. Public Affairs, New York, 2008. 2. Dichter, Thomas and Malcolm Harper (Eds). What¶s wrong with Microfinance? Practical Action, 2007.
3. Ledgerwood, Joanna and Victoria White. Transforming Microfinance Institutions: Providing Full Financial Services to the Poor. World Bank, 2006. 4. India microfinance Investment Environment Profile by Slavea Chankova, Nathanael Goldberg, Genevieve Melford, Hind Tazi and Shane Tomlonson. 5. Vikram Akula, ³Business Basics at the Base of the Pyramid´, Harvard Business Review, June, 2008 6. EDA Rural Systems Pvt Ltd in association with APMAS, ³Self Help Groups in India- A Study of the Light and Shades´
4. Justification and Likely Benefits
Benefits: y y y y y
Continued access to funding to low i ncome clients Fast and easy procedure Accompanying non financial services Direct contact with clients Product tailored to clients needs
5. Objectives
y
To know the concept of Micro Finance
y
To assess best performance of MFI from the selected companies.
y
To find the list of or No of Institution who engaged in these
y
To investigate the effect of Micro Finance on Individual.
y
To make suggestion on Micro Finance Institution¶s performance.
6. Plan of Work and Methodology
A. Research Design The research design is the conceptual structure or strategy within which research is conducted, it constitutes the blue print for the collection, measurement and analysis of data. Research design includes an outline of what the researcher will do from writing the hypothesis and its operational implications to the final analysis of data. B. Primary Data We have taken few data of impact of Micro Finance through convocation of Nabard Bank.
C. Secondary Data We have taken the secondary data as research. Below mentioned the description D. Sample Size The size of the sample consists of 10 Indian listed as well as non-listed companies. E. Scope of Study As part of the research study we have selected sector in India on ³Impact of Micro Finance in India´. F. Hypothesis of Study Null Hypothesis: There would be no significant relationship between micro finance and rural development. Alternative hypothesis: G. Period of the study H. Limitation fo study 7. Place of Work and Facilities Available
The Managers have the dual responsibility of managing office and field. However, the success of a supervisor depends on the frequency and duration of time spent in the field. They will have to frequently travel to remote village locations and visit poor habitations. Our supervisors spend most of their time in the field locations and manage the office affairs in the remaining time. 8. References and Bibliography y y y y y y
www.microfinancegateway.org www.grameenfoundation.org www.sksindia.com www.mixmarket.org www.cgap.org Banker to the poor- Muhammad Yunus
