lending to the rural poor
Tags :
micro finace , rural lending , money lender
Industry :
Banking
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About "lending to the rural poor" topic:
to lend effectively to the rural poor banks should imitate the private money lender minus the explotation
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MICRO FINANCE AND PUBLIC SECTOR BANKS The concept of microfinance is finally catching up. Quite a few establishments have come up in the country. But a lot more needs to be done. For the reason that main line banking failed miserably in this vital sector. The failure is there for every one to see. Borrowers wait in long ques in front of micro finance centres for getting loans as small as Rs 5000. The near by bank branch too is doing brisk business. But for a different set of customers. These small loans and their borrowers are not for the banks. There is no doubt the small borrowers need to be financed. This segment now depends solely on private financiers called blade companies who charge e...
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MICRO FINANCE AND PUBLIC SECTOR BANKS The concept of microfinance is finally catching up. Quite a few establishments have come up in the country. But a lot more needs to be done. For the reason that main line banking failed miserably in this vital sector. The failure is there for every one to see. Borrowers wait in long ques in front of micro finance centres for getting loans as small as Rs 5000. The near by bank branch too is doing brisk business. But for a different set of customers. These small loans and their borrowers are not for the banks. There is no doubt the small borrowers need to be financed. This segment now depends solely on private financiers called blad...
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Suryanarayan Murthy
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| 1 year ago
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In my personal opinion, both sides (banker and the borrower) are good. The banker forget the small borrower once the loan is disbursed and loses contact with the borrower. The Banker has to be in touch with small borrowers on a weekly basis, study...
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Insight: "rural lending..problems and prospects" deleted from your view.
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if yes, then why??
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if no, then why??
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Deven Bantwa
| Argues in support of
"if yes, then why??"
| 1 year ago
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should we start new bank in rural area of Gujarat??
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Debate: "rural market" deleted from your view.
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Other knowledge matching "lending to the rural poor" topic
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One day, a father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how poor people live. They spent a couple of days and nights on the farm of what would be considered a very poor family. On their return from their trip, the father asked his son, “How was the trip?” “It was great, Dad.” “Did you see how poor people live?” the father asked. “Oh yeah,” said the son. “So, tell me, what did you learn from the trip?” asked the father. The son answered, “I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden, and they have a creek that has no end. We have imported lanterns in our garden, and they have the stars at night. Our patio reaches to the front yard, and they have the whole horizon. We have a small piece of land to live on, and they have fields that go beyond our sight. We have servants who serve us, but they serve others. We buy our food, but they grow theirs. We have walls...
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Activity:
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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