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Micro Finance
The course focuses on the micro level of finance and its role in the economic development of rural and semi urban population. This paper also helps the students in understanding the concept and importance of financial inclusion.
Meaning and Concept ,Reasons for FI, Role of Banks in Financial Inclusion, Financial literacy, Latest Schemes of Government - PMJDY- Objectives Features, Progress , Atal Pension Yojana, Objectives Features, Progress.
Introduction, history of Microfinance, Worldwide developments, Microfinance in Asia and Pacific. Status of Microfinance in India: Introduction, History of Microfinance in India, Recommendations of various committees, Status of Microfinance in India, Outreach of Microfinance, Potential of Microfinance in India, Banking potential for Microfinance in India.
Government and Microfinance: Introduction, SHGs and different schemes, SHG and Poverty Alleviation Programs, SHG and Special Programs/ Schemes.
Importance of SHGs: Introduction, Benefit of SHGs to members, Benefits to women, Benefits to Banks, Benefits to Government, Benefits to Voluntary Agencies and Benefits to Society; Joint liability Group, their composition and mission.
Deposit products offered by MFIs, types of customers who can avail of these products, features, application process. Retail loans, MSME loans, Agri Loans, micro loans, features of each type of loan. Types of liens, Kisan Credit card, its features and benefits. Role of NABARD and RBI in microfinance.
KYC Norms - KYC process and verify requirements,
Required Documents for loan sanction, terms and conditions. Disbursement of loan – process.
• O.C. Rana ans Hem Raj, Microfinance , Himalayan Publication.
• K.C.. Shekhar, Banking Theory and Practice, Indian Institute of Banking and Finance.
• Moorad Choudhary, The Principles of Banking,Wily Finance.
• Karmakar K G, Microfinance In India, Sage Publication India.
• Puhazhendhi Venugopalan,Microfinance India, Sage Publication India.
