Models of Microfinance in India
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==Contributed by== | ==Contributed by== | ||
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=261 Ishita G.Tripathy, IES(1999)] | * [http://www.ies.gov.in/myaccount-profile-view.php?memid=261 Ishita G.Tripathy, IES(1999)] | ||
+ | *Email- [mailto:ishitagangulitripathy@yahoo.com ishitagangulitripathy@yahoo.com] | ||
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=388 Monika Singh, IES(2009)] | * [http://www.ies.gov.in/myaccount-profile-view.php?memid=388 Monika Singh, IES(2009)] | ||
+ | *Email- [mailto:monu221083@rediffmail.com monu221083@rediffmail.com] | ||
[[Category:concepts|ModelsofMicrofinanceinIndia]] | [[Category:concepts|ModelsofMicrofinanceinIndia]] |
Latest revision as of 07:47, 9 April 2015
The four most important Micro Finance models prevalent in India are:
Model I - individuals or group borrowers are financed directly by banks without the intervention/facilitation of any Non-Government Organisation (NGO).
Model II - borrowers are financed directly with the facilitation extended by formal or informal agencies like Government, Commercial Banks and Micro-Finance Institutions (MFIs) like NGOs, Non Bank Financial Intermediaries and Co-operative Societies;
Model III - financing takes place through NGOs and MFIs as facilitators and financing agencies;
Model IV - is the Grameen Bank Model, similar to the model followed in Bangladesh.
In India, Model II of MF constitutes three-fourths of total micro-financing where activity/joint liability/Self-Help Groups are formed and nurtured by facilitating agencies and are linked directly with banks for the purpose of receiving credit.
References
- http://www.rbi.org.in/scripts/PublicationsView.aspx?Id=10932
- http://www.rbi.org.in
- http://www.nabard.org