Vol. 5 No. 2 (2015): Vol 5, Iss 2, Year 2015
Articles

Alternative ways of managing supply side in microfinance: Study of rrbs, Cooperative societies, Chit Funds and informal lenders

Prasad Pole
PhD Scholar, Gokhale Institute of Politics & Economics, Pune, India
Anurag Asawa
Assistant Professor, Gokhale Institute of Politics & Economics, Pune, India
Published June 30, 2015
Keywords
  • Cooperative Societies, Informal finance, Microfinance, Microfinance Institutions, Regional Rural Banks
How to Cite
Pole, P., & Asawa, A. (2015). Alternative ways of managing supply side in microfinance: Study of rrbs, Cooperative societies, Chit Funds and informal lenders. Journal of Management and Science, 5(2), 177-191. https://doi.org/10.26524/jms.2015.16

Abstract

Ideation of Microfinance happened when formal finance failed to make a dent in
poverty. But this self-proclaimed panacea for poverty, ‗microfinance‘, has also failed in many
instances questioning the feasibility of microfinance institutions. Though microfinance is a recent
phenomenon in India, there have been many institutions created with the mission of helping poor and
alleviating poverty. We look at some of these institutional mechanisms like cooperative societies and
Regional Rural Banks that Indian government tried for poverty reduction. Decades of these efforts
on poverty reduction has not succeeded well, and informal finance still exists and continues as a
major source of support for poor. We would closely look at the aspects which can be adopted widely,
hence helping the overall poverty reduction efforts.

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