PGDM Students Discuss Micro-Finance at IIBS Bangalore

Posted by Prof. Samiya Mubeen On 27/11/2018 05:19:06

Microfinance is providing small loans to the extremely poor people for self-employment to generate income which facilitates themselves and their families. Microfinance program has been dramatically increased in the last two decades. Through this program income inequalities and poverty has been reduced and is applied successfully in many countries.

Microfinance is a novel economic development tool aimed at alleviating poverty through financial inclusion, socio-economic empowerment, and self-sufficiency. By virtue of a large and poor population. The microfinance in Andhra Pradesh is in latest news due to a high microfinance penetration rate and recent events.

IIBS PGDM finance student’s talks about Socio-Economic Effects of Microfinance on Agricultural Sector: An Analysis of Farmer’s Standard of Life in Andhra Pradesh.

PGDM Students in a group share facts and data about the microfinance products policy, RBI norms to grants microcredit to the individuals as well as families. Our objective of this seesion are:

  • The effect of the loan on farmer’s life and for policymakers in designing of micro-financing products.
  • To identify the social and cultural gaps those compel farmers in debts.

Microfinance is the source of socio-economic development of poor and small-scale business holders. It morally and ethically motivates a poor to work for self-employment. The loan is given to the poor’s for generating project and expansion of business and its term and conditions are flexible and easy to understand.

The expansion of the loan is quick and fast as well as easy. Microfinance helps an individual to become independent economically and provides additional income generating activities.


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