The Microfinance Review

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Convergence between NRLM-led Microfinance Sector and Government Programmes for Social Development and Economic Empowerment


Affiliations
1 DEAR, NABARD, Mumbai, India
     

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Against the backdrop of persistent 'multi-dimensional human development' needs, this paper builds a case for convergence of several isolated programme with National Rural Livelihood Mission (NRLM) to avoid duplication of efforts. This paper finds that microfinance and empowerment form a complex, unsystematic and amorphous relationship, whereby actual role of commercialised microfinance in causing empowerment becomes debatable. Microfinance/ financing have to lose centrality in favor of multifarious NRLM, whose leading objective is to promote social action, livelihoods and social awareness. 'Stand-up India' may be converged into NRLM due to the commonality of objectives. Need for complete (socialeconomic) convergence of all development programmes with NRLM based on common objectives is observed.


Keywords

Microfinance, NRLM, Empowerment.
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  • Convergence between NRLM-led Microfinance Sector and Government Programmes for Social Development and Economic Empowerment

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Authors

Mohinder Kumar
DEAR, NABARD, Mumbai, India

Abstract


Against the backdrop of persistent 'multi-dimensional human development' needs, this paper builds a case for convergence of several isolated programme with National Rural Livelihood Mission (NRLM) to avoid duplication of efforts. This paper finds that microfinance and empowerment form a complex, unsystematic and amorphous relationship, whereby actual role of commercialised microfinance in causing empowerment becomes debatable. Microfinance/ financing have to lose centrality in favor of multifarious NRLM, whose leading objective is to promote social action, livelihoods and social awareness. 'Stand-up India' may be converged into NRLM due to the commonality of objectives. Need for complete (socialeconomic) convergence of all development programmes with NRLM based on common objectives is observed.


Keywords


Microfinance, NRLM, Empowerment.

References