Kundu, Amit (2010): Effectiveness of Microfinance under SGSY scheme to reduce Poverty and Vulnerability of Rural Households: A Natural Experiment. Published in: IUP Journal of Financial Economics , Vol. IX, No. No.3 (30. September 2011): pp. 40-54.
Download (222Kb) | Preview
This paper shows that government of India supported microfinance programme under SGSY scheme is partially effective to reduce poverty of the rural households. Few expansion of National Rural Employment Guarantee scheme plays here the supportive role. Taking the help of Natural Experiment it is also proved that microfinance programme is also able to reduce vulnerability of the rural participating households. This is done through constructing vulnerability index. The social factor i.e. enhancement of empowerment of the participating Self-Help Group members all of whom are women under SGSY scheme between the concerned time period and size of microcredit taken for income generating activities plays a significant role to reduce vulnerability of the participating households of this microfinance programme.
|Item Type:||MPRA Paper|
|Original Title:||Effectiveness of Microfinance under SGSY scheme to reduce Poverty and Vulnerability of Rural Households: A Natural Experiment|
|Keywords:||Microfinance, SGSY Scheme, Poverty, Vulnerability, Natural Experiment|
|Subjects:||I - Health, Education, and Welfare > I3 - Welfare and Poverty > I38 - Government Policy; Provision and Effects of Welfare Programs
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Production Analysis, and Firm Location > R38 - Government Policy; Regulatory Policy
|Depositing User:||AMIT KUNDU|
|Date Deposited:||05. Dec 2011 16:30|
|Last Modified:||13. Feb 2013 03:23|
Banerjee. A.V. and et.al. (2009): ‘The Miracle of Microfinance? Evidence from a Randomized Evaluation’, Working Paper, Department of Economics, MIT
Besley Timothy, Stephen Coate and Glenn Loury (1993): ‘The Economics of Rotating Savings and Credit Association’ American Economic Review, 83: 792-810.
Chaudhuri.S. Jalan. J. and A.Suryahandi (2002):’ Assessing Household Vulnerability to Poverty from Cross Sectional Data: A Methodology and Estimates for Indonasia’; Discussion Paper, Columbia University
Cohen .M. (1999): ‘Can Microfinance Reduce the Vulnerability of the Clients and their Household?’ Paper presented in World Bank Summer Research Workshop on Poverty and Development.
Dichter .T. (2010): “Too Good to be True; The Remarkable Resilience of Microfinance’ Harvard International Review; Spring, 18-21
Graham .A.N. Wright and et.al. (1999), “Vulnerability, Risks, Assets and Empowerment – The IMPACT OF Microfinance on Poverty Alleviation’; Contribution to World Development Report, 2001, Micro save – Africa and Uganda Women’s Finance Trust’
Ligon.E. and L.Schechter (2003): ‘Measuring Vulnerability’; Economic Journal: 95-102.
Swain Ranjula Bali and Maria Flora (2008): ‘Effects on Microfinance on Vulnerability, Poverty & Risk in Low Income Households’; No-2008, Working Paper Series, Department of Economics, American State University, Washington.