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Final Micrfnace

Final Micrfnace

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Published by Thulasi Krishna

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Published by: Thulasi Krishna on May 15, 2012
Copyright:Attribution Non-commercial


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Jaganmohan RaoDr.S.Raghunatha Reddy
Associate ProfessorKandula School of Management, KADAPA.Mr. Thulasi Krishna, K.Research ScholarDepartment Of Management StudiesS.V. University, TIRUPATI.
The non-availability of credit and banking facilities to the poor and underprivilegedsegments of the society has always been a major concern in India. Accordingly, both theGovernment and the Reserve Bank have taken several initiatives, from time to time, suchas nationalisation of banks, prescription of priority sector lending norms and concessionalinterest rate for the weaker sections. It was, however, realised that further direct effortswere required to address the credit needs of poor. In response to this requirement, theconcept of micro finance movement has evolved in India in early 1990s.The term micro finance is of recent origin and is commonly used in addressingissues related to poverty alleviation (make easy), financial support to micro entrepreneurs,gender development etc. Micro finance is the provision of thrift, credit and other financialservices and products of very small amounts to the poor for enabling them to raise their income levels and improve their living standards. It has been recognised that micro financehelps the poor people meet their needs for small credit and other financial services. Theinformal and flexible services offered to low-income borrowers for meeting their modestconsumption and livelihood needs have not only made micro finance movement grow at arapid pace across the world, but in turn has also impacted the lives of millions of poor  positively. This movement not only proved to be very successful, but has also emerged asthe most popular form of micro finance in India.
 Now a days the women also playing a vital role in the economic development of thecountry by actively participating in various activities like managing the businesses,establishing business units, going abroad for the employment, indulging in research anddevelopmental activities, contesting in elections apart from managing household bearingchildren. But there is no exception for rural women. They are bringing income with productive activities such as field working, running small and petty businesses etc. They
have also proven that they can be better entrepreneurs and development managers in anykind of human development activities. Therefore, it is important to make rural womenempowered in taking decisions to enable them to take part of economic development of thecountry. The empowerment of women also considered as an active process enablingwomen to realize their full identity and power in all spheres of life. In this regardgovernment has introduced several schemes to empower rural women through Self-HelpGroups and funding for these programmes through micro finance system, popularly knownas Pavala Vaddi incentive. But how far the scheme is successful in meeting the objectivesof the scheme is Question Mark? Hence it is needed to study the results of the schemeimplemented by the government of Andhra Pradesh.
The following are the objectives set for the present study-1.To understand the importance of Micro Finance for women empowerment;2.To evaluate the effectiveness of Pavala Vaddi strategy for DWCRA groups;3.To find out the problems of Pavala Vaddi incentive scheme; and4.To suggest the suitable measures for effective utilization of the incentivesoffered to SHGs.
A survey is being conducted
in order to arrive a meaningful results. For this, outof 53 mandals of Kadapa District one fourth of the mandals i.e. 13 mandals were taken assample for the study as per convenience sampling.
The programme has since come a long way from the pilot project of financing 500SHGs across the country. It has proved its efficacy as a mainstream programme for  banking with the poor, who mainly comprise the marginal farmers, landless labourers,artisans and craftsmen and others engaged in small businesses such as hawking andvending in the rural areas. The main advantages of the programme are timely repayment of loans to banks, reduction in transaction costs both to the poor and the banks, doorstep

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