Financial Inclusion and Livelihood Transformation: Perspective from Microfinance Institutions in Rural India

✍ Scribed by Srimoyee Datta, Tarak Nath Sahu

• Publisher: Palgrave Macmillan
• Year: 2023
• Tongue: English
• Leaves: 215
• Category: Library

✦ Synopsis

This book explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries.

It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households.

It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.

✦ Table of Contents

Preface
Acknowledgements
Contents
Abbreviations
List of Figures
List of Tables
1 Introduction
1.1 Background of the Study
1.2 Microfinance Institution
1.3 Financial Inclusion
1.4 Women Empowerment
1.5 Motivation of the Study
1.6 Objectives of the Study
1.7 Scope of the Study
1.8 Structure of the Book
References
2 Financial Inclusion, Microfinance Institutions and Women Empowerment
2.1 Financial Inclusion in India and Abroad
2.1.1 Introduction
2.1.2 Financial Instruments and Institutions: An Overview
2.1.3 Financial Inclusion
2.1.4 Journey of Financial Inclusion in India
2.1.5 Participating Financial Institutions in Financial Inclusion
2.1.5.1 Commercial Banks
2.1.5.2 Regional Rural Banks (RRBs)
2.1.5.3 National Bank for Agriculture and Rural Development (NABARD)
2.1.5.4 Post Offices
2.1.5.5 Microfinance Institutions
2.1.5.6 SHGs Bank Linkage Programme
2.1.6 Policy Initiatives for Financial Inclusion
2.1.6.1 Pradhan Mantri Jan Dhan Yojana (PMJDY) and Jan Dhan, Aadhaar, and Mobile Phone (JAM)
2.1.6.2 No-Frill Accounts
2.1.6.3 General Purpose Credit Cards (GCC)
2.1.6.4 Business Correspondents (BC)/Business Facilitators (BFs)
2.1.6.5 Technology-Based Approaches
2.1.7 Committee Recommendations for Financial Inclusion
2.1.7.1 A C Shah Committee
2.1.7.2 Ghosh Committee
2.1.7.3 B. Sivaraman Committee
2.1.7.4 Narasimham Committee
2.1.7.5 Malhotra Committee
2.1.7.6 RV. Gupta Committee
2.1.7.7 Usha Thorat Panel
2.1.7.8 Rangarajan Committee
2.1.7.9 Deepak Mohanty Committee
2.1.8 Financial Inclusion in Different Countries
2.1.8.1 Introduction
2.1.8.2 UFA 2020: The World Bank Initiative
2.1.8.3 Target Countries and FI Movement
2.1.8.4 Comparative Study Between Developed Countries and Targeting Countries
2.1.9 Literature on the Role of Financial Institutions in Inclusion
2.2 Microfinance Institutions: An Overview in Indian Milieu
2.2.1 Microcredit
2.2.2 Micro Pension
2.2.3 Micro Insurance
2.3 Women Empowerment: A Delineate on Indian Context
2.3.1 Female Empowerment and Sustainable Growth in India
2.3.2 Government Initiatives and Women Empowerment: Indian Perspective
2.3.3 Empowerment and Microfinance
2.4 Interrelationship Between Financial Inclusion, Microfinance and Women Empowerment
References
3 Perception of Borrowers and Non-borrowers Towards MFIs
3.1 Introduction
3.2 Literary Overview Related to Perception About MFIs
3.3 Perception of Borrowers and Non-borrowers of MFIs: Empirical Evidences
3.3.1 Research Design
3.3.1.1 Data Types
3.3.1.2 Sample Design
3.3.1.3 Data Collection Techniques
3.3.1.4 Sample Size
3.3.1.5 Study Period
3.3.1.6 Description of Data
3.3.1.7 Statistical and Econometric Tests Used in the Study
3.3.1.8 Scheme of Investigation
3.3.2 Analysis
3.3.2.1 Demographic Factors of Borrowers Only
3.3.2.2 Perception of Borrowers and Non-borrowers About MFIs in the Proposed Area
3.3.3 Findings
References
4 Credit Utilization Pattern of the Borrowers
4.1 Introduction
4.2 Credit Utilization and MFI Beneficiaries: Literary Analysis
4.3 Observational Evidences Related to Credit Utilization by MFI Beneficiaries
4.3.1 Research Design
4.3.1.1 Data Types
4.3.1.2 Sample Design
4.3.1.3 Data Collection Techniques
4.3.1.4 Sample Size
4.3.1.5 Statistical and Econometric Tests Used in the Study
4.3.1.6 Scheme of Investigation
4.3.2 Analysis
4.3.3 Findings
References
5 Microfinance and Employability
5.1 Introduction
5.2 Studies on Employability Through MFIs
5.3 Experiential Analysis of Employability Through MFIs
5.3.1 Research Design
5.3.2 Analysis
5.3.3 Findings
References
6 Performance Analysis of the Active MFIs
6.1 Introduction
6.2 Performance Evaluation of MFIs: Literary Review
6.3 Empirical Observation and Analysis of Operating MFIs Performance Evaluation
6.3.1 Research Design
6.3.2 Data Types
6.3.3 Sample Design
6.3.4 Data Collection Techniques
6.3.5 Statistical and Econometric Tests Used in the Study
6.3.6 Analysis
6.3.7 Findings
References
7 Role of MFIs Towards Empowering the Women
7.1 Introduction
7.2 Building Up Women Empowerment by the Offerings of MFIs: Bibliographic Review
7.3 In-depth Existential Analysis on Women Empowerment by MFIs Offerings
7.3.1 Research Design
7.3.1.1 Data Types
7.3.1.2 Sample Design
7.3.1.3 Data Collection Technique
7.3.1.4 Sample Size
7.3.1.5 Study Period
7.3.1.6 Description of Data
7.3.2 Analysis
7.3.3 Findings
References
8 Identification of Determinants Influencing the Economic, Psychological and Social Empowerment of the Female Borrowers
8.1 Introduction
8.2 Economic, Psychological and Social Empowerment of the Female: Literary Study
8.3 Descriptive and Analytical Framework on Beneficiaries’ Economic, Psychological and Social Empowerment
8.3.1 Research Design
8.3.1.1 Data Types
8.3.1.2 Sample Design
8.3.1.3 Data Collection Technique
8.3.1.4 Sample Size
8.3.1.5 Study Period
8.3.1.6 Description of Data
8.3.2 Analysis
8.3.2.1 Economic Empowerment
8.3.2.2 Psychological Empowerment
8.3.2.3 Social Empowerment
8.3.3 Findings
8.3.3.1 Economic Empowerment
8.3.3.2 Psychological Empowerment
8.3.3.3 Social Empowerment
References
9 Summary and Conclusion
9.1 Summary of the Study
9.2 Conclusion
9.3 Contribution of the Study
9.4 Recommendations and Policy Implications
9.5 Limitations and Direction for Further Studies
References
Bibliography
Index