Microfinance, Poverty Alleviation and Financial Inclusion of the Poor: Reflections From Andhra Pradesh and Telangana [Hardcover]

Language: English. ABOUT THE BOOK: Having understood the necessity of poverty alleviation alongside financial inclusion through microfinance intervention, this book makes an attempt to fill the knowledge gap in relation to the potential synergies among microfinance, poverty alleviation and financial inclusion. As a part of empirical study, it examines the correlation between poverty alleviation and financial inclusion by thoroughly analyzing the key microfinance models such as SHGBank Linkage Program (SBLP) model, Microfinance Institutions (MFI) model and Business Correspondent (BC) Model; and offers some interesting observations, which are quite relevant in the present policy context. It also makes an effort to address one of the fundamental questions as to why the poor, especially women are unabatedly depending upon MFIs, despite the successful functioning of SBLP model in fulfilling the same objective. This book is a reminder of the fact that any effort to achieve complete financial inclusion without alleviating poverty is a futile exercise and financial inclusion would be successful only if financial literacy is vigorously promoted along with poverty alleviation schemes and programs. ABOUT THE AUTHOR: Dr. Naveen Kolloju is an Assistant Professor of Governance and Development Studies at the Department of Civics and Ethical Studies, Arba Minch University, Ethiopia. He earned a PhD in Law and Governance from Jawaharlal Nehru University, New Delhi. Earlier, he served as an Assistant Professor in the Centre for Women's Studies, Aligarh Muslim University, Aligarh, India. Apart from his teaching, he is also associated with ePG Pathshala, an initiative undertaken by Ministry of Human Resource Development, Government of India. He is one of the content writers for ePG Pathshala in the subject of Public Administration. His subject specialization includes: Public Policy, Governance, Financial Inclusion and Gender Studies. He has published extensively in various international peer reviewed journals and his work has been lauded at various conferences for this detailed and indepth field research. CONTENTS: Foreword . 7 Preface . 11 Acknowledgements . 15 Acronyms . 17 Chapter I Introduction . 19 • Financial Inclusion • SHGBank Linkage Programme (SBLP) Model in India • Business Correspondent (BC) Model and Financial Inclusion • SHG Movement and Microfinance Intervention in Andhra Pradesh • Microfinance Crisis in Andhra Pradesh: Issues and State’s Intervention • Statement of the Problem • Hypothesis • Objectives of the Study • Research Methodology • Organisation of the Book • References. Chapter II Literature Review . 39 • Introduction • The Multidimensional Nature of Poverty • Poverty: Gender Perspective • Poverty Estimates in India • Suresh Tendulkar Committee Report (2009) • Strategies of Poverty Reduction in India • The Genesis of Microfinance • Theoretical Framework of the Study • References. Chapter III Microfinance: A Theoretical Framework . 79 • Introduction • Microfinance: A Theoretical Framework • Neoliberalism, Microcredit Intervention and Poverty Alleviation • Definition of Microfinance • Features of Microfinance • Approaches to Microfinance • Three Aspects of Microfinance • Microfinance Movement: An Overview of International Experience • Examining Microfinance: A Critical Perspective • Summary • References. Chapter IV Financial Inclusion in India: A Conceptual Analysis. 113 • Introduction • Financial Exclusion • Causes for Financial Exclusion • Financial Inclusion: A Conceptual Framework • Evolution of Banking System in India: An Overview • Financial Inclusion in India: Recent Policy Initiatives • The Relationship between SelfHelp GroupBank Linkage Programme (SBLP) and Financial Inclusion • Summary • References. Chapter V SHGBank Linkage Programme (SBLP) Model on Poverty Alleviation: Findings from Andhra Pradesh and Telangana . 141 • Introduction • Profile of Andhra Pradesh • Profile of Telangana State • Profile of Karimnagar D.…