“One of the prime reasons for the success of the Grameen model of microcredit was that it was a priv
ate sector initiative. In India, it is the government which is undertaking the micro-finance activities. Thus, being a government led policy, it comes along with both corruption and red-tapism,” says Dr. Amir Ullah Khan, Deputy Secretary General, PH.D Chambers of Commerce & Industry. Since 1992, the governments have adopted the NABARD pioneered Self Help Group (SHG) Banks linkage model in which a homogenous group of people are provided credits on a collective basis. The performance of this model so far, has been quite impressive. From 255 SHGs linked with banks in 1992-93, the number reached 14,000 in 2000.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, 2006
ate sector initiative. In India, it is the government which is undertaking the micro-finance activities. Thus, being a government led policy, it comes along with both corruption and red-tapism,” says Dr. Amir Ullah Khan, Deputy Secretary General, PH.D Chambers of Commerce & Industry. Since 1992, the governments have adopted the NABARD pioneered Self Help Group (SHG) Banks linkage model in which a homogenous group of people are provided credits on a collective basis. The performance of this model so far, has been quite impressive. From 255 SHGs linked with banks in 1992-93, the number reached 14,000 in 2000.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, 2006
An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative
No comments:
Post a Comment