{"product_id":"two-decades-of-economic-reforms-copy","title":"Microfinance in India","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cdiv\u003e\n\u003cp\u003eThe study is an epitome of the mind-boggling flurry of literature on the subject of microfinance. But, it has gone far beyond the review of literature on the concept, country models and history of microfinance movement in India; it has provided a thematic work on the factual profiles of different microcredit programmes prevalent in the country and their progress, The book contains a very up-to-date review of the regulatory measures and their nuances and a detailed review of the evaluation and impact studies. The book also dwells on the limitations of the mFI movement to satisfy the credit needs of the vast informal sector enterprises which also seem to get generally neglected by the formal financial institutions. This has led the study to a review of the new initiatives which the authorities have taken under the broad theme of ‘financial inclusion.’ Keeping the broader objective of distributional goals embedded in the microfinance movement, the book attempts an assessment of the wider challenges faced by the financial system, and provides a dossier of suggestions for reaching out to the small and informal sectors on a more effective scale. As for the mFI movement itself, apart from bringing out it potentialities and also critiquing it, the study presents a set of suggestions for strengthening and expanding its role.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch1 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h1\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eDr. S.L. Shetty’s\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003einterests in the discipline of Economics have been wide-ranging, with macroeconomics and the financial sector issues being the core. He served the Reserve Bank of India (RBI) for 24 years and retired in 1993 as Chief of its research department. On leaving the RBI, he became the Founder Director of EPW Research Foundation (EPWRF) in which capacity he continued for 16 years. While in the RBI, he spent 4 years in a foreign central bank on an IMF assignment.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eIn academic circles, Dr. Shetty is known for his seminal work titled Structural Retrogression in the Indian Economy since the Mid-Sixties (NIBM, 1978) and a series of other contributions through the columns of the EPW. They have ranged from monetary and fiscal policies to money market studies and development issues in the financial sector.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ch2 class=\"p1\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cp class=\"p1\"\u003eList of Tables, Figures and Boxes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eAcronyms\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eForeword \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e    K. Kanagasabapathy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eEditor’s Introduction\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e    S. L. Shetty\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e1.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eBackground to the Study\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eTheoretical Undercurrents Relevant to the Study\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eStructural Disabilities of the Indian Economy: Imperatives \u003cbr\u003e       of Concerted Institutional Support for the Marginal Groups\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eNature of Financial Exclusion amongst Farm Households \u003cbr\u003e       and Non-Farm Enterprises\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eNeed for a Theory of Finance Accommodating \u003cbr\u003e       the Structural Characteristics of the Indian Economy\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e2.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eMicrofinance: The Concept, Models and History\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eThe Concept of Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eThe Origin and History of Microfinance Movement\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eExtant Models of Group Financing Arrangements in Vogue\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eCommercial Banks in Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eInternational Initiatives in Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e3.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eCountry Models and Experiences\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eNGO-Supported mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eGovernment-Supported Microfinance\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eBank-Supported mFI Arrangements\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e4.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEvolution of Microfinance in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eSEWA Bank\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSHG-Banks Linkage Programme of NABARD\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSIDBI Foundation for Micro-Credit (SFMC)\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance in Government Programmes\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eIndependent Private Microfinance Institutions\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance Programme of ICICI Bank\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e5.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eFactual Profile of Microfinance Sector in India\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eOverall Fact Sheet of Progress of SHG-BL Programme\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSIDBI Foundation for Micro-Credit (SFMC): A Progress Sheet\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eProgress of Independent mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrocredit and Mainstream Banking: \u003cbr\u003e       A Distressing Case of Financial Exclusion\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e6.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eRegulation and the New Bill\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eLaissez-Faire Approach to Regulating mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eRegulation of the mFI Sector: The Indian Story\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFresh Proposals for MFI Regulations in India: \u003cbr\u003e       Controversies a Galore\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eThe Malegam Committee, the RBI Response, \u003cbr\u003e       the mFI Bill of 2011 and All that\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e7.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eA Detailed Review of Evaluation and Impact Studies\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eState of the Microcredit Summit Campaign Reports: \u003cbr\u003e       Scope for Caveats on Claims of Outreach\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eImpact of Microfinance: Divergent Results\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e8.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eEmerging Debate on Critical Issues\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eCritical Issues of Concern for mFIs\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eMicrofinance: Future Challenges and Strategies\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003e9.\u003c\/b\u003e\u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003cb\u003eConclusions and Recommendations\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003eAn Assessment: Wider Challenges before the Financial System\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eKey Suggestions and Recommendations concerning \u003cbr\u003e       the Total mFI Sector\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eFinancial Inclusion: Resurrection of the Goals \u003cbr\u003e       of Bank Nationalisation and Renewed Emphasis on Small \u003cbr\u003e       and Informal Sectors\u003c\/p\u003e\n\u003cp class=\"p1\"\u003eSubstantive Recommendations on the \u003cbr\u003e       Role of the Financial System for Broadening Growth and \u003cbr\u003e       the Pattern of Development\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp class=\"p1\"\u003e \u003cspan class=\"Apple-tab-span\"\u003e \u003c\/span\u003e\u003ci\u003eReferences\u003c\/i\u003e\u003c\/p\u003e\n\u003cbr\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"font-family: -apple-system, BlinkMacSystemFont, 'San Francisco', 'Segoe UI', Roboto, 'Helvetica Neue', sans-serif; font-size: 0.875rem;\"\u003e \u003c\/span\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100.707%; height: 85px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2012\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e658\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9788171889396\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"S.L. Shetty","offers":[{"title":"Hardcover \/ ENG- English \/ Finance","offer_id":51561817866561,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9788171889396-web-305-Micro.jpg?v=1775107003","url":"https:\/\/www.academicfoundation.com\/products\/two-decades-of-economic-reforms-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}