College Project Report on Microfinance Essay

11938 Words Jan 11th, 2014 48 Pages
Micro-Finance in India
Micro-Finance in India

Submitted by: S.GINMUANSANG NGAIHTE
This project work is submitted as fulfillment of the requirement of B.COM(hons) Part III of Delhi University

Submitted to: Prof. Shuchi Pahuja
PGDAV college, Delhi University.

Submitted by: S.GINMUANSANG NGAIHTE
This project work is submitted as fulfillment of the requirement of B.COM(hons) Part III of Delhi University

Submitted to: Prof. Shuchi Pahuja
PGDAV college, Delhi University.

Shri Ram College of Commerce

B.Com(h) Part-III
Roll no.13/10
#9650430713
[Type the fax number]
[Pick the date]
Shri Ram College of Commerce

B.Com(h) Part-III
Roll no.13/10
#9650430713
[Type the fax number]
…show more content…
Introduction 5 2. History of modern microfinance 8 3. Microfinance social aspects 13 4. Microfinance regulations 15 5. Microfinance Strategies and Management 20 6. Microfinance accounting and MIS 33 7. Conclusion 36

CHAPTER-1

INTRODUCTION

ABOUT MICROFINANCE:

Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. Microfinance is also the idea that low-income individuals are capable of lifting themselves out of poverty if given access to financial services. While some studies indicate that microfinance can play a role in the battle against poverty, it is also recognized that is not always the appropriate method, and that it should never be seen as the only tool for ending poverty. Microfinance is defined as any activity that includes the provision of financial services such as credit, savings, and insurance to low income individuals which fall just above the nationally defined poverty line, and poor individuals which fall below that poverty line, with the goal of creating social value. The creation of social value includes poverty alleviation and the broader impact of improving livelihood opportunities through the provision of capital for micro enterprise, and insurance and savings for risk mitigation and consumption

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