Role of National Bank for Agriculture and Rural Development (NABARD) and Small Industries Development Bank of India (SIDBI) in Indian Microfinance

Role of National Bank for Agriculture and Rural Development (NABARD) and Small Industries Development Bank of India (SIDBI) in Indian Microfinance

Jahangir Ahmad Bhat

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Dr. Pushpender Yadav

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Maulana Azad National Institute of Technology

Role of National Bank for Agriculture and Rural Development (NABARD) and Small Industries Development Bank of India (SIDBI) in Indian Microfinance

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Abstract

Economists have long agreed that access to finance plays an essential role in the process of dipping the inequality in wealth distribution, it enhancing the household income and provide better employment opportunities. Microfinance in India is now mounting and covering wider boundaries more importantly it gets appreciations as a tool to reduce poverty. It has become a critical tool for reaching all those under privileged groups such as women, socially and economically backward classes for the purpose of empowerment and providing access to the financial services. It is a cost effective mechanism for providing financial services to the poor. This working paper tries to outline the prevailing conditions of the Microfinance in India. Further the paper the paper is highlighting the financial & promotional support by NABARD and SIDBI in the sector of microfinance.

References

24 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Jahangir Ahmad Bhat. 2016. \u201cRole of National Bank for Agriculture and Rural Development (NABARD) and Small Industries Development Bank of India (SIDBI) in Indian Microfinance\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 16 (GJHSS Volume 16 Issue E1): .

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GJHSS Volume 16 Issue E1
Pg. 13- 20

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: FOR Code: 710401p

Submission ReceivedDecember 10, 2015
Peer Review Double Blind
Handling Editor
Accepted January 2, 2016
Published January 15, 2016

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v1.2

Issue date

April 9, 2016

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Article Matrices

Total Score: 107

Country: India

Subject: Global Journal of Human-Social Science - E: Economics

Authors: Jahangir Ahmad Bhat, Dr. Pushpender Yadav (PhD/Dr. count: 1)

View Count (all-time): 156

Total Views (Real + Logic): 3892

Total Downloads (simulated): 2077

Publish Date: 2016 04, Sat

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Total Views: 3892

Total Downloads: 2077

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