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MFIs and their Impact on Capacity Building of SHGs Members

Year 2014
Volume/Issue/Review Month Vol. - VII | Issue I | January - June
Title MFIs and their Impact on Capacity Building of SHGs Members
Authors Dr. Suman Kalyan Chaudhury , Dr. Sunil Kumar Pradhan , Mr. Sudhanshu Sekhar Dash
Broad area MFIs and their Impact on Capacity Building of SHGs Members
Abstract
Microfinance has been treated as an important tool for economic development. Microfinance lenders offer small
loans to aspiring as well as current business owners. These loans assist people in getting access to traditional
financing and offer jobs to local communities. The size of microfinance loan may vary from lender to lender. But it
plays vital role in economic development through job creation, financial stability and global poverty. Microfinance
encompasses the provision of financial services and the management of small amounts of money through a range
of products and a system of intermediary functions that are targeted at low income clients. In this paper the authors
tries to highlight MFIs and their impact on capacity building of SHGs.
Description The human resources in India are huge and yet to be fully exploited. Several strategies are evolved to mobilize the human resources for optimizing the available financial resources. Micro-credit is one such novel idea, which provides an effective medium f
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