Micro Finance and Self Help Group in Tamil Nadu

A.T. Senthamaraikannan
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A.T. Senthamaraikannan: Madurai Kamaraj University College, Madurai

Shanlax International Journal of Commerce, 2018, vol. 6, issue 2, 201-209

Abstract: This paper provides a review of the recent literature on microfinance in developing countries and a critical assessment of its effectiveness. It examines the experience of India, which has one of the largest microfinance sectors in the world, and particularly the unfolding of the microfinance crisis in Tamil Nadu. It concludes that microfinance cannot be seen as a silver bullet for development and that profit-oriented microfinance institutions are problematic. To fulfil even some of its progressive goals, it must be regulated and subsidised, and other strategies for viable financial inclusion of the poor and of small producers must be more actively pursued.

Keywords: Financial Inclusion; Micro finance; NGO; Self-Help Groups (SHGs) (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:acg:sijcom:v:6:y:2018:i:2:p:201-209

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