Whither Micro-Credit Programme? A Critical Overview of Self-Help Group-Institutional Linkages
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India is emerging as the country with largest microfinance network in the world. As on March 2008, 41 million households were linked to the financial institutions through 3.4 million Self-Help Groups (SHG), this is very close to the mission of National Bank for Agricultural and Rural Development (NABARD) to reach 56 million families through 4 million SHGs by the end of XI Five Year Plan (2011-12). But, there is no corresponding achievement in poverty alleviation or the empowerment of weaker sex/section of the society. Time has already overrun to transform the quantitative achievement into qualitative development which is the ultimate objective. Among various stages of SHGs, institutional linkage is the very critical stage that determines the transformation into Self Reliance Group. There are four critical factors in this stage namely Place, Person, Price and Project. This paper critically analyzes how these factors are determined from the supply side that is profitability of the lending institution. The paper also analyze these factors from the beneficiary side, that is, from the point of view of viability of economic activity and ability to pay back. At the end of the paper broad suggestions given for working group analysis and the lessons of India’s micro-credit programme for South Korea’s implementation of the programme.
Abstract
India is emerging as the country with largest microfinance network in the world. As on March 2008, 41 million households were linked to the financial institutions through 3.4 million Self-Help Groups (SHG), this is very close to the mission of National Bank for Agricultural and Rural Development (NABARD) to reach 56 million families through 4 million SHGs by the end of XI Five Year Plan (2011-12). But, there is no corresponding achievement in poverty alleviation or the empowerment of weaker sex/section of the society. Time has already overrun to transform the quantitative achievement into qualitative development which is the ultimate objective. Among various stages of SHGs, institutional linkage is the very critical stage that determines the transformation into Self Reliance Group. There are four critical factors in this stage namely Place, Person, Price and Project. This paper critically analyzes how these factors are determined from the supply side that is profitability of the lending institution. The paper also analyze these factors from the beneficiary side, that is, from the point of view of viability of economic activity and ability to pay back. At the end of the paper broad suggestions given for working group analysis and the lessons of India’s micro-credit programme for South Korea’s implementation of the programme.
참고문헌 (13)
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