Author: Tiken Das
Publisher:
ISBN: 9783656478973
Category :
Languages : en
Pages : 16
Book Description
Research Paper from the year 2013 in the subject Business economics - Investment and Finance, grade: -, North Eastern Social Research Centre, language: English, abstract: Access to financial markets is important for poor people. Like all economic agents, low-income households and microenterprise can benefit from credit, saving and insurance services. But financial markets, because of their special features, often serve poor people badly, since poor people often have insufficient traditional forms of collateral such as physical assets to offer. Thus the poor generally excluded from the formal financial institutions and have to depend on informal sector. In India, since the early national plans, successive governments have emphasized the link between improving access to finance and reducing poverty. But the vast majority of India's rural poor still do not have access to either formal finance or microfinance. It was found that credit cooperatives, commercial banks, and other formal financial sector programs in rural areas have not displaced informal sources of credit, altogether. It is assessed that the share of rural informal credit in total outstanding debt has been certainly decreasing over the period from 1950 to 2002 with various financial initiatives of the RBI and legislation of the various state government to regulate moneylenders. However, about two-fifth of the rural household's dependence on informal credit, even today, indicates further scope for financial inclusion in rural areas. According to author financial awareness has to be spread amongst the excluded masses that are illiterate and poor. Financial inclusion and financial literacy are two sides of the equation. Financial inclusion acts from supply side by providing financial markets/services that people demand whereas financial literacy stimulates the demand side by making people aware of what they can demand.
Rural Finance. an Unsolvable Question
Author: Tiken Das
Publisher:
ISBN: 9783656478973
Category :
Languages : en
Pages : 16
Book Description
Research Paper from the year 2013 in the subject Business economics - Investment and Finance, grade: -, North Eastern Social Research Centre, language: English, abstract: Access to financial markets is important for poor people. Like all economic agents, low-income households and microenterprise can benefit from credit, saving and insurance services. But financial markets, because of their special features, often serve poor people badly, since poor people often have insufficient traditional forms of collateral such as physical assets to offer. Thus the poor generally excluded from the formal financial institutions and have to depend on informal sector. In India, since the early national plans, successive governments have emphasized the link between improving access to finance and reducing poverty. But the vast majority of India's rural poor still do not have access to either formal finance or microfinance. It was found that credit cooperatives, commercial banks, and other formal financial sector programs in rural areas have not displaced informal sources of credit, altogether. It is assessed that the share of rural informal credit in total outstanding debt has been certainly decreasing over the period from 1950 to 2002 with various financial initiatives of the RBI and legislation of the various state government to regulate moneylenders. However, about two-fifth of the rural household's dependence on informal credit, even today, indicates further scope for financial inclusion in rural areas. According to author financial awareness has to be spread amongst the excluded masses that are illiterate and poor. Financial inclusion and financial literacy are two sides of the equation. Financial inclusion acts from supply side by providing financial markets/services that people demand whereas financial literacy stimulates the demand side by making people aware of what they can demand.
Publisher:
ISBN: 9783656478973
Category :
Languages : en
Pages : 16
Book Description
Research Paper from the year 2013 in the subject Business economics - Investment and Finance, grade: -, North Eastern Social Research Centre, language: English, abstract: Access to financial markets is important for poor people. Like all economic agents, low-income households and microenterprise can benefit from credit, saving and insurance services. But financial markets, because of their special features, often serve poor people badly, since poor people often have insufficient traditional forms of collateral such as physical assets to offer. Thus the poor generally excluded from the formal financial institutions and have to depend on informal sector. In India, since the early national plans, successive governments have emphasized the link between improving access to finance and reducing poverty. But the vast majority of India's rural poor still do not have access to either formal finance or microfinance. It was found that credit cooperatives, commercial banks, and other formal financial sector programs in rural areas have not displaced informal sources of credit, altogether. It is assessed that the share of rural informal credit in total outstanding debt has been certainly decreasing over the period from 1950 to 2002 with various financial initiatives of the RBI and legislation of the various state government to regulate moneylenders. However, about two-fifth of the rural household's dependence on informal credit, even today, indicates further scope for financial inclusion in rural areas. According to author financial awareness has to be spread amongst the excluded masses that are illiterate and poor. Financial inclusion and financial literacy are two sides of the equation. Financial inclusion acts from supply side by providing financial markets/services that people demand whereas financial literacy stimulates the demand side by making people aware of what they can demand.
Financial Needs of Rural Electric Cooperatives
Author: United States. Congress. Senate. Agriculture and Forestry Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 448
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 448
Book Description
Financial Needs of Rural Electric Cooperatives
Author: United States. Congress. Senate. Committee on Agriculture and Forestry. Subcommittee on Agricultural Credit and Rural Electrification
Publisher:
ISBN:
Category : Cooperative societies
Languages : en
Pages : 456
Book Description
Publisher:
ISBN:
Category : Cooperative societies
Languages : en
Pages : 456
Book Description
Agricultural Index
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1436
Book Description
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1436
Book Description
Biological & Agricultural Index
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1440
Book Description
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1440
Book Description
Rural Credits
Author: United States. Congress. Senate. Committee on Banking and Currency
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 1020
Book Description
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 1020
Book Description
Agricultural Finance
Author: National Bureau of Economic Research. Financial Research Program
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 164
Book Description
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 164
Book Description
Rural Credits
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 990
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 990
Book Description
Technical Survey of Agricultural Questions
Author: International Labour Office
Publisher:
ISBN:
Category : Agricultural laborers
Languages : en
Pages : 660
Book Description
Publisher:
ISBN:
Category : Agricultural laborers
Languages : en
Pages : 660
Book Description
Parliamentary Debates
Author: New Zealand. Parliament
Publisher:
ISBN:
Category : New Zealand
Languages : en
Pages : 966
Book Description
Publisher:
ISBN:
Category : New Zealand
Languages : en
Pages : 966
Book Description