Micro-credit should be interest-free and only capital should be paid back with easily payable installment, or the rate of interest should be negligible in some cases in reducing rural poverty. It enables them to capitalize their skills and opportunities, and help them building their efficiency.
Long Abstract:
Micro financing is a well accepted strategy for reducing poverty in the world especially in Asian Region. Some factors have long been constraining the productive capacities of the hard-core poor, who do not have any access to the economic opportunities of the market system and to the means of production. In the place of failure of many development programs, however, micro-financing has been suggested as an alternative strategy to address the issues of rural poverty. It is noteworthy that such credit should be interest-free and only the capital should be paid back with easily payable installment, or the rate of interest should be negligible in some cases. Micro-credit is made available to the rural poor directly, and thus to enable them to capitalize their skills and opportunities, and thus help them building their efficiency.
It describes the Grameen Bank credit discipline for proper microfinancing system.
Paper long abstract:
Grameen Bank has been identified as an important institutional model for making credit better useful for the poor around the world.. The program has now been cloned to as many as 60 developing nations of the world, as a principal strategy to deal with perfect management of poverty eradication among the rural poor. Grameen Bank has formulated its own credit system by analyzing them critically to make them fundamentally suitable for proper micro-financing. This procedural credit discipline is thus required to support the total process of disbursement and repayment of loans strategically designed to benefit the poor. It is therefore, ostensibly anticipated that many of such microfinaning programs outside Bangladesh are facing problems due to their ignorance about the procedures and techniques which do not exist in them in strict sense of the term. Based on such assumptions, this paper first of all, is designed provide a brief conceptualization about the credit discipline system of the Grameen Bank which has had evolved through a lengthy process of learning and experiences. With such theoretical background, the paper will provide empirical data from two Grameen replications in Bangladesh and Malaysia to show its effectivity at the implementation level. In addition to that, the paper will then cite examples from other Asian countries who have adopted Grameen model, and to critically find their strength and weakness of the programs in their respective institutional microfinancing system.
Sericulture is an ancient industry in India dating back to at least second century B.C. In its long history sericulture has passed through periods of great prosperity as well as decline. Sericulture involves agriculture, art and industry; silkworm rearing is an art in the hands of rural people; reeling of the silk from the cocoons formed by the worms is an industry of different financial investments. Scientific sericulture is the meeting place for agriculture and art, art and industry, ancient culture and civilization, the rich and the poor it reflects the interdependence of these. Silk is a way of life in India. Over thousands of years, it has become an inseparable part of Indian culture and tradition. No ritual is complete without silk being used as a wear in some form or the other. It is the only one cash crop in agriculture sector that gives returns within 30 days. This industry provides employment nearly to three five million people in our country. Such an important industry is developing at a faster rate in the recent past because of the great positive response from the rural population especially.
This is a piece of research work in this field aimed
• to highlight the role of government in promoting sericulture with micro financing and
• to focus on the various ways and means to develop sericulture as a better form of livelihood support to the rural people of India.
This paper is on Rajbanshi People of northern West Bengal: Access to Micro-Credit. This is a case study from North Bengal region, India.
Paper long abstract:
This paper is on Rajbanshi People of northern West Bengal: Access to Micro-Credit. These people are basically agriculturists, but their traditional verities, organic cultivation, livestock rearing, and handicrafts as well as various ways to utilise natural resources and food processing techniques are so important where rural banking, Self-Help Groups, micro-credit can find the way. That would be also useful in women empowerment directly improving the education and health systems at ground stage. Case studies are taken from rural Rajbanshi people of northern West Bengal plains of India.
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