Growth of Micro Finance in India: A Model Wise Assesment Hariom1, Kumar Yogender2,* 1Junior Research Fellow, Department of Commerce, Maharishi Dayanand University, Rohtak, Haryana, India 2Research Scholar, Institute of Management Studies Research, Maharishi Dayanand University, Rohtak, Haryana, India *Email id: kumaryogender21@gmail.com
Online published on 29 November, 2012. Abstract The objective of the study is to study the model wise growth of micro finance in India. The present study used the secondary data. The data were collected from the official site of NABARD. The findings of the study reveals that Model I in which SHGs Dircectly Financed by Banks and Model II in which MFIs Financed by Banking Agencies for On-Lending to SHGs, both have increased trend in savings, loan disbursment and bank loans outstanding to SHGs in absolute terms, but in percentages these shows different pictures, sometime amount growth rate more than the number of accounts and in another side the growth rate in the number of accounts more than the amount growth rate in the same year. Futher more, in one year get high growth rate and in another year have low growth rate and in some cases its become negative also. So, the NABARD and the RBI which are the apex financial institution in India, both are make efforts for making the consistency in the growth rate and tries to minimixe the decline rate through making better policy regarding encouraging voluntary agencies, bankers, socially spirited individuals, other formal and informal entities and also government functionaries to promote and nurture SHGs. Top Keywords Self-Helf Groups, Micro Finance Institutions, Savings, Loans Disbursed, Loans Outstanding. Top |