The Microfinance Review

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Impact of Microfinance on Poverty Alleviation:A Case Study of Cachar District of Assam


Affiliations
1 Department of Commerce, Ramanuj Gupta Degree College, Silchar, India
2 Department of Commerce, Assam University, Silchar, India
     

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A sizeable population in India, particularly those belonging to low-income groups, still remains excluded from the services provided by the formal financial system. Literature in recent time overwhelmingly suggest that providing the poor and vulnerable groups with access to finance is a prerequisite for poverty reduction. Through graduated credit, the attempt must be to lift the poor from the vicious cycle of poverty and engage them in income-generating activities so that they can live a better life and have access to the basic necessities. The present paper attempts to study the impact of the microfinance programme on the poverty level of the beneficiary households in the Cachar district of Assam. Importantly, the paper tries to find out the impact of microfinance on households’ income and consumption levels over a period of time. Based on a field study, it finds that there is a positive impact of the microfinance programme on the beneficiary households.

Keywords

Microfinance Programme, Beneficiary Households.
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  • Impact of Microfinance on Poverty Alleviation:A Case Study of Cachar District of Assam

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Authors

Kalyan Das
Department of Commerce, Ramanuj Gupta Degree College, Silchar, India
Nikhil Bhusan Dey
Department of Commerce, Assam University, Silchar, India

Abstract


A sizeable population in India, particularly those belonging to low-income groups, still remains excluded from the services provided by the formal financial system. Literature in recent time overwhelmingly suggest that providing the poor and vulnerable groups with access to finance is a prerequisite for poverty reduction. Through graduated credit, the attempt must be to lift the poor from the vicious cycle of poverty and engage them in income-generating activities so that they can live a better life and have access to the basic necessities. The present paper attempts to study the impact of the microfinance programme on the poverty level of the beneficiary households in the Cachar district of Assam. Importantly, the paper tries to find out the impact of microfinance on households’ income and consumption levels over a period of time. Based on a field study, it finds that there is a positive impact of the microfinance programme on the beneficiary households.

Keywords


Microfinance Programme, Beneficiary Households.

References