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Assessing the determinants of microfinance in India: a case study of the joint liability groups of the Northern Karnataka region

Assessing the determinants of microfinance in India: a case study of the joint liability groups... One of the substantial challenges in ascertaining a sustainable financial system of the country is the inclusion of the marginalised and the underprivileged sections of society. Therefore, to serve the purpose, microfinance emerges as the key concept. Hence, this study attempts to address the feasibility of microfinance and joint liability group in India by investigating the antecedents and determinants of microfinance in the five districts (Dharwad, Gadag, Vijaypur, Bagalkot, and Belagavi) of the Northern Karnataka region. The study findings implicate that microfinance services of the SFBs had improved the socio-economic condition of the vulnerable population, predominantly the female. It has also resulted in enhancing the employment opportunities for the JLG members. However, the study finds a significant challenge of accessibility, affordability, and operational perspectives in delivering financial services to the JLG members. Henceforth, the study proposes the need-based planned implementation of microfinance in rural areas to achieve complete financial inclusion in India. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Electronic Finance Inderscience Publishers

Assessing the determinants of microfinance in India: a case study of the joint liability groups of the Northern Karnataka region

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd
ISSN
1746-0069
eISSN
1746-0077
DOI
10.1504/ijef.2022.122179
Publisher site
See Article on Publisher Site

Abstract

One of the substantial challenges in ascertaining a sustainable financial system of the country is the inclusion of the marginalised and the underprivileged sections of society. Therefore, to serve the purpose, microfinance emerges as the key concept. Hence, this study attempts to address the feasibility of microfinance and joint liability group in India by investigating the antecedents and determinants of microfinance in the five districts (Dharwad, Gadag, Vijaypur, Bagalkot, and Belagavi) of the Northern Karnataka region. The study findings implicate that microfinance services of the SFBs had improved the socio-economic condition of the vulnerable population, predominantly the female. It has also resulted in enhancing the employment opportunities for the JLG members. However, the study finds a significant challenge of accessibility, affordability, and operational perspectives in delivering financial services to the JLG members. Henceforth, the study proposes the need-based planned implementation of microfinance in rural areas to achieve complete financial inclusion in India.

Journal

International Journal of Electronic FinanceInderscience Publishers

Published: Jan 1, 2022

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