Impact of NABARD’s Social Banking in Gujarat-An Assessment of Microfinance in GujaratSubmitted by Anonymous (not verified) on Fri, 02/05/2016 - 09:26
Abstract It was in this cheerless background that the MF revolution occurred worldwide. In India began in the 1980s with the formation of pockets of informal self-help groups (SHGs) engaging in micro activities financed by M.F. But India’s first micro finance institution ShriMahilaSewaShahkari Bank was set up as an urban co-operative bank by the self-employed woman’s association (SEWA) soon after the group (founder Ms. Ela Bhatt) was formed in 1974. The first official effort materialized under the direction of NABARD. The Mysore resettlement and development agency sponsored project on saving and credit management of SHGs was partially financed by NABARD 1986-87. Basically the MFIs in India of three categories (i) Next for profile MFIs, which include the WGO, (ii) mutual benefit MFIs, which include mutually aided co-operative credit and (iii) for profit MFIs which include the non-banking financial companies. In this paper I have tried to evaluate functions of NABARD, other MFIs, and SHGs in state of Gujarat, and identify their impact on microfinance beneficiaries.