Status of Micro Finance in India 2009-2010 doc

[...]... NABARD office xxii Status of Micro Finance in India 2009-2010 Statements 1 Status of Micro Finance in India 2009-2010 2 Status of Micro Finance in India 2009-2010 STATEMENT – I - A Progress under Microfinance – Savings of SHGs with Banks Agency-wise position as on 31 March 2010 (Amount ` lakh) Sr No Name of the Agency Total Savings of SHGs with Banks as on 31 march 2010 Out of Total – Under SGSY Out of. . .Status of Micro Finance in India 2009-2010 Micro Finance in India 1 introduction Microfinance sector has traversed a long journey from micro savings to micro credit and then to micro enterprises and now entered the field of micro insurance, micro remittance and micro pension This gradual and evolutionary growth process has given a great opportunity to the rural poor in India to attain reasonable... after joining SHG (98%) as compared to mere two per cent before joining, increase in income by undertaking incomegenerating activities, etc xviii Status of Micro Finance in India 2009-2010 7 Centre for Micro Finance Research With the funding support from MFDEF, a Centre for Micro finance Research (CMR) has been setup in Bankers Institute of Rural Development, Lucknow to take up research studies in the... MFIs to supplement their financial resources and provision of 100 per cent refinance against bank loans provided by various banks for microfinance activities Financial support and promotional efforts of NABARD towards development of the microfinance sector have also been outlined in this booklet 2 Progress under Microfinance - Highlights 2.1 Different Models of Microfinance In this section, the data... 12861.65 crore xi Status of Micro Finance in India 2009-2010 5.2 Promotional support - sHG-Bank linkage (i) Micro Finance Development and Equity Fund To strengthen the efforts of NABARD towards promotional support for micro finance, the Government of India in the Union Budget for 2010-11 had further increased the corpus of Micro Finance Development and Equity Fund (MFDEF) to ` 400 crore Recognising the need... Mumbai, Intra State between various parts of Maharashtra and Mumbai and Orissa and Kolkata) Findings of the study will be presented before Government of India and Reserve Bank of India for policy changes, if required, for financial inclusion of poor migrant workers particularly rural women xix Status of Micro Finance in India 2009-2010 Exhibit Joint Liability Group 1 introduction SHG-Bank linkage programme... Total 1 Status of Micro Finance in India 2009-2010 STATEMENT – I - D Progress under Microfinance - Non Performing Assets of Banks against SHGs Agency-wise position as on 31 March 2010 (Amount ` lakh) Non Performing Assests of Banks against SHGs Loans outstanding Sr No Name of the Agency Out of Total Bank Loans O/S and NPAs against SGSY SHGs Bank loans outstanding Amount of NPAs Percentage of NPAs to... cultural empowerment, leading to better living standard and quality of life for participating households Financial institutions in the country continued to play a leading role in the microfinance programme for nearly two decades now They have joined hands proactively with informal delivery channels to give microfinance sector the necessary momentum During the current year too, microfinance has registered... studies in the field of microfinance with the mission of strengthening microfinance sector through supply of research inputs to facilitate policy initiatives and improvements in design and delivery system that provide poor with sustainable access to quality financial services The CMR along with four sub-centres viz., Indian Institute of Bank Management (IIBM), Guwahati, Institute of Financial Management... need for upscaling the micro- Finance interventions in the country, the Hon’ble Union Finance Minister, while presenting the budget for the year 2000-01, had created Micro Finance Development Fund (mFDF) with an initial contribution of ` 100 crore, to be funded by Reserve Bank of India, NABARD and commercial Banks in the ratio of 40:40:20 In the Union Budget for 2005-06, the Government of India had decided . lakh Status of Micro Finance in India 2009-2010  Micro Finance in IndiaMicro Finance in IndiaMicro Finance in India Micro Finance in IndiaMicro Finance. mcid@nabard.org Status of Micro Finance in India – 2009-1 0Status of Micro Finance in India – 2009-1 0Status of Micro Finance in India – 2009-10 Status of Micro Finance