International Journal of Business Ethics in Developing Economies

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Reaching the Poor with Microfinance: A Case of Rural South India


Affiliations
1 Thiagarajar School of Management, Pamban Swamy Nagar, Thimparankundram, Madurai, Tamil Nadu, India
2 Dr. V. V. Patil, ICM, Pune, Maharashtra, India
     

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Microfinance has been recognised as one of the important instruments to meet the financial requirements of the lo^v income customers or commonality lending groups including consumers and self-employed personnel, who lack access to banking and other related financial services (Mehta. 2008). Scheduled banks are not able to penetrate the rural prospective customers and usually are not keen in giving small loans to low-income families without security Microfinance is one of the financial institutions that work toward, achieving the national goal of financial inclusion'. Thepurpose of this paper is to explore the scope of micro finance firm in rural South India and understand various financial requirements of poor and middle class people residing in villages and their profit and contribution level of the businesses.

Keywords

Microfinance, Rural India, Rural South India, Poverty, Tamil Nadu.
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  • Reaching the Poor with Microfinance: A Case of Rural South India

Abstract Views: 400  |  PDF Views: 2

Authors

Vidya Rajaram Iyer
Thiagarajar School of Management, Pamban Swamy Nagar, Thimparankundram, Madurai, Tamil Nadu, India
Jivraj Patki
Dr. V. V. Patil, ICM, Pune, Maharashtra, India

Abstract


Microfinance has been recognised as one of the important instruments to meet the financial requirements of the lo^v income customers or commonality lending groups including consumers and self-employed personnel, who lack access to banking and other related financial services (Mehta. 2008). Scheduled banks are not able to penetrate the rural prospective customers and usually are not keen in giving small loans to low-income families without security Microfinance is one of the financial institutions that work toward, achieving the national goal of financial inclusion'. Thepurpose of this paper is to explore the scope of micro finance firm in rural South India and understand various financial requirements of poor and middle class people residing in villages and their profit and contribution level of the businesses.

Keywords


Microfinance, Rural India, Rural South India, Poverty, Tamil Nadu.

References