URICM - UDAYBHANSINHJI - Regional Institute of Cooperative ...

More documents

Recommendations

Info

activities, SHG training, and promotion of new groups, apart from financialintermediation.These institutions cannot undertake financial intermediation activities on alarge scale, as they are prohibited from carrying out any commercial activities.Microfinance – Major PlayersThe major players which were instrumental in the growth of microfinanceindustry in India included NABARD, SIDBI, Rashtriya Mahila Kosh, FWWB andSHARE Micro fin Limited.NABARDNABARD was established in 1982 to provide credit to the rural sector. NABARDwas a pioneer in microfinance programs in India.The bank's vision is "to facilitate sustained access to financial services for theunreached poor in rural areas through various microfinance innovations in acost effective and sustainable manner."By 2005, NABARD's SHG-Bank Linkage program had emerged as one of thelargest microfinance programs in the world. NABARD also collaborated withNGOs, MFIs, banks and governmental agencies in order to use other models ofrural credit like the Grameen Model and the individual banking model.Encouraged by the success of the SHG program, NABARD planned to link 1million SHGs by 2007 and reach 100 million rural poor.The FutureMany private and foreign banks have unveiled their plans to enter the Indianmicrofinance sector because of its very low NPAs and high repayment rate ofmore than 95% in spite of offering loans without any collateral security.The main reason for high repayment rates was that the loans were managed atthe community level. Borrowers took loans to improve their standard of livingand start a small business. If the repayment was done in time, only then weremore loans given. According to Udaia Kumar, Chairman and Managing Director,SHARE Micro fin Limited, "In all cases there is no security taken. We don't havea legal system. We build a relationship with the client. We motivate them, trainthem, and give them the confidence that they have the capacity to handle. Weensure that the money is used for the purpose that they have taken. Weensure that they make profits. Then definitely they will come back with therepayment. Our repayment rates are 100%.List of MFI’s in IndiaE-URICM 22
‣ VENTURE INTELLIGENCE‣ ACCESS‣ SADHANA MICROFIN SOCIETY‣ SHARDA ‘S WOMANS ASSOCIATION‣ SKS MICROFINANCE PRIVATE LTD.‣ ASHMITA MICROFIN LTD.‣ HUDCO‣ UNITUS‣ GRAMEEN BANK‣ MIA‣ DRCSC‣ A Dollar Day‣ QCGAP‣ ACTION group‣ Annapurna mahila mandal‣ Sakhi- Ms. Shivani SharmaStudent, PGDM Batch 2009-11URICM, GandhinagarE-URICM 23
Page 4 and 5: Training ProgrammesProposed for the
Page 6 and 7: SWASTIK OF DIAS MADE FOR GANESHJI B
Page 11 and 12: layer of somewhat granular flesh, 1
Page 13 and 14: CultureLight pruning is always reco
Page 15 and 16: Profit from the Worldwide CurrencyW
Page 17 and 18: News From the FrontIt's well known
Page 19 and 20: The era of "friendly globalism" is
Page 21: areas. It fulfilled their basic nee
Page 25 and 26: evenue is around 30 cr. Just think
Page 27 and 28: 2. CRM SystemRegardless of where th
Page 29 and 30: ART WORKYour thoughts about the art

URICM - UDAYBHANSINHJI - Regional Institute of Cooperative ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?