Vol. 2, Issue 8 (2015)
A Study on Impact of Micro Finance: With Reference to Priority States of India
Author(s): Taruna, Arpit Shailesh
Abstract: This research paper involvesrnstudy of the past literatures about the microfinance sector, related onlinernresearch papers and journals. The annual reports and the sector reportsrnpublished by regulatory bodies, MFI associations and major microfinance playersrnfacilitated the study, especially in understanding the size, growth and pastrntrends. Interactions with some of the experts helped in understanding andrnanalyzing the emerging concerns in the microfinance sector and also to look forrnsome possible solutions.rnThe study covers the micrornfinancing in priority states of India for the period 2010 to 2013, PotentialrnRural households to be covered, Rural households covered* (SHG: Savings linked)rnDistricts with low coverage of SHGs, Average savings / SHG (Rs), Average creditrndisbursed / SHG (Rs), Loans issued No. of SHGs (lakh), Loans issued (Rs crore),rnLoans outstanding (Rs crore), Gross NPA (Rs crore), SGSY (Rs crore), SHGrn(non-SGSY) (Rs crore) and No. of WSHG districts. Findings of study show thatrnvarious micro financing activities and institutions have grown intensively inrnSouthern India and many poor people mostly woman are participating actively inrnmicro financing activities. Further the impact of microfinance is also analyzedrnon women empowerment and it turns out to be positive. Overall, the financernschemes are spreading all over India over the last few years.