Innovative Approaches to Developmental Microfinance in India

Puja Kasat

MPRA Paper from University Library of Munich, Germany

Abstract: Though microfinance in India has grown phenomenally in the last decade, there has been a problem with increasing the geographical reach and impact of the same. The reasons for less reach are multifold but primarily, lack of continuous capital and little state & regulatory support to the sector. To address the problem of capital, the first part of this study focuses on which funding source suits the industry the most given its mission to alleviate poverty, in order to create commercially sound and sustainable organizations. The second part of this study focuses on increasing the impact which microfinance can create on the lives of the poor, by innovatively using the channel of microfinance to provide increased access to education to the poor. Empowerment through education will be a key in any efforts to improve the quality of rural life and the welfare of the next generation in developing countries.

Keywords: Microfinance; education; integrate; equity (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2010-03
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/22238/1/MPRA_paper_22238.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22238

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().