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Microfinance: Financial Services for the Poor
Tags :
financial services,finance, banking, banking for poor, micro finance,micro insurance,poor,below the poverty line, BPL, microfinance
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Banking
Functional Area : India |
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About "Microfinance: Financial Services for the Poor" topic:
Poverty knows no boundaries and its very pervasiveness makes it
difficult to define. The World Bank defines the poor as people who live
under $1.00 per day; others peg the poverty line at $2.00 per day.
Regardless of the definition, the poor suffer disproportionately from
income insecurity, inability to predict their means, and denial of
access to financial institutions. Microfinance is the provision of financial services to low income people. So let us discuss on microfinance
services that is available for the poor people, and what needs to be done to
make sure that everybody is under the microfinance scheme which can benefit
them..
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13 debates
, 6 idea contests
, 4 question
on topic: "Microfinance: Financial Services for the Poor"
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(rate this)
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1
Microfinance plays an important role
2
Social Insurance is the only answer
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Esha Johar
| Supported idea
"more on microfinance"
| 2 years ago
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Manoj great idea, I support you. At the present situation this is the easiest way to help the poor. This will motivate and encourage the poor to stand on their own legs. So the government should take necessary measure to provide financial...
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manoj
| Added idea
"more on microfinance"
| 2 years ago
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Dear all, I'm kind of impressed by the continued interest in this topic so I felt I should add my experience here. I have been volunteering for a non-profit microcredit organization. Its probably the most satisfying thing I have done till date...
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Padmanabhan R
| Supported idea
"Microfinance plays an important role"
| 2 years ago
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Micro finance and social entrepreneurs, but most importantly take strong steps to avoid wastage of resources and mismanagement. it should be don’t give them a fish rather teach them how to fish.
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Ideate: "What kind of financial services is required to help the poor?" deleted from your view.
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(rate this)
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1
The poor are not creditworthy
2
Let's extend our thinking
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SHRIKANT MANOHAR DANKE
| Supported idea
"The poor are not creditworthy"
| 1 year ago
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The poor are not creditworthy because he is poor.
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Biplov Kumar Ghosh
| Added idea
"poors are not creditworthy"
| 1 year ago
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it is a myth. poors are more credit worthy than other retail and corporate borrowers. the reason for advancing the wrong notion is that lenders today refuse to understand the problem of the poor. what the poor need is proper guidance in managing...
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Ideate: "Misconceptions relating to Financial Services and Poor" deleted from your view.
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(rate this)
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Yes
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19
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VS |
38
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No
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Nikhil
| Argues in support of
"No"
| 1 year ago
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Poor will keep paying interest alone for a few generation and then they will tke anew loan to pay that interest they will end up in vicious debt trap
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Himanshu Jha
| Argues in support of
"Yes"
| 1 year ago
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We should have defined the definition of POOR here for this debate. If we are talking of person with below average income level in India or person who don't have job, not have money to make up for his livelihood. If the person is in first...
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Rashmi Chawla
| Argues in support of
"No"
| 2 years ago
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I don't think credit card will be helpful for the poor because it would again pull back them to deeper poverty. The interest they have to pay in case of delay would be very high and in case of poor person there is a great chance of making default.
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Debate: "Will Credit Card work for the Poor?" deleted from your view.
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(rate this)
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Yes
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12
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VS |
8
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No
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Ashutosh Kumar
| Argues in support of
"Yes"
| 2 years ago
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Already, there are some successful BC pilots which has been hailed by RBI as successful role models. These models do provide the heitherto 'Unbanked' section an opportunity to integrate with formal banking sector. The PCOs and Kiranas are the...
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Anup Ghoshal
| Argues in support of
"No"
| 2 years ago
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RBI is not able to have a ful control over APEX banks and co-operative banks . MOdern banks are vulnerable to increased amount of frauds with the passage of each day ....under this circumstance ,I have my own doubts ,as whether this is to...
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Swati Raut
| Argues in support of
"No"
| 2 years ago
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I don't think this is a feasible idea as such there are many things that needs to be in place for these outlets to function as banks, may be they can take cheques for the bills and other things for that reason but then still there is no clear...
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Debate: "PCOs & kirana stores to function as banks" deleted from your view.
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(rate this)
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Yes
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5
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VS |
8
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No
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Tina acharya
| Argues in support of
"No"
| 2 years ago
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Eradication of poverty in India is just next to impossible.However any financial scheme when executed properly would improve the conditions of rural people.As far as the micro finance companies are concerned their work is more bussiness oriented...
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Biranchi Narayan Acharya
| Argues in support of
"Yes"
| 2 years ago
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Why not.In fact micro finance's sole target is to uplift weaker section. However it needs to work honestly. There need to be accountability sincerety. Unforunately in India, many micro finance companies are working cunningly for self benifit only...
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kawaljit kaur
| Argues in support of
"No"
| 2 years ago
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when we talk about microfinance for rural populus the thing need to be taken into consideration is purpose .one have first of all teach them the ways to deploy the amount borrowed in a potential productive investment.the major task attached to...
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Debate: "Can Microfinance Eradicate Poverty In India?" deleted from your view.
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(rate this)
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Because, Now the future is for knowledgeable person.
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8
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2
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it hard time for poorer.
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S. Muralidharan
| Argues in support of
"Because, Now the future is for knowledgeable person. "
| 1 year ago
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So long as you failed to persevere to win over a situation, you will remain poor! Who stops you to become rich! Its a mind game.
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SHRIKANT MANOHAR DANKE
| Argues in support of
"it hard time for poorer."
| 1 year ago
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Whenever Congress or congress led govt is ruling in parliament it is ought to be happened.
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Debate: "Do you think that poor become poor every time?" deleted from your view.
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(rate this)
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Yes it is possible
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3
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0
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History rarely repeat itself
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Vivekanand
| Argues in support of
"Yes it is possible"
| 1 year ago
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In my Point of view Only India has that potential so it can challenge the world and in the dungeon it can give a light to the world from the relive of violence and it can be a great path finder for the peace and only India can show the world how...
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Debate: "Could India Lead the world again at Every forum ?" deleted from your view.
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(rate this)
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1
LATEST CENSUS
2
Calculate annual income
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http://www.CEOBusinessManagement.com:
| Supported idea
"LATEST CENSUS"
| 1 year ago
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They should really take a census in addition to calculating income. I also agree with Sudeep and S. Baalu. They should have a group created to go out and find these people, help them and interact with the poor in the different neighborhoods,...
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Ravindra Sharma
| Supported idea
"LATEST CENSUS"
| 1 year ago
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You are right Baalu ,yet the census itself is conducted non-seriously.
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Ideate: "How to find the real poors in India?" deleted from your view.
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(rate this)
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Yes
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1
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VS |
2
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No
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Rahul Gautam
| Argues in support of
"No"
| 3 years ago
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No the Government is not helping by empowering the microfinance because even today loan products are still too inflexible, and savings and insurance services that the poor also need are not widely available due to regulatory barriers. And there...
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Mohit Sethi
| Argues in support of
"Yes"
| 3 years ago
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Yes the government is taking many initiatives where they are joining hands with NGOs and several reputed Microfinances and empowering them to do more for the poor people where they are earning less than $1 a day.
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Debate: "Has the Government done enough to Empower Microfinance to help the Poor? " deleted from your view.
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(rate this)
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Micro Finance Wine in New Bottle ... Defeat of Social Cause
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4
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5
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The fading Social banking ... Encourages Micro FIn Indstitutio
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SHRIKANT MANOHAR DANKE
| Argues in support of
"Micro Finance Wine in New Bottle ... Defeat of Social Cause"
| 1 year ago
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Micro finance is not going to help the needy & poor people of India.
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Nero
| Argues in support of
"The fading Social banking ... Encourages Micro FIn Indstitutio"
| 1 year ago
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Intense involvement with one particular sector can of course lead to a certain degree of blindness to its limitations and less positive aspects. However, in the case of microfinance, a more serious problem appears to be the lack of sufficient...
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G C Jagadeesan
| Argues in support of
"Micro Finance Wine in New Bottle ... Defeat of Social Cause"
| 1 year ago
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Earlier the private money Lenders had the control over the rural economy and they lend at higher levels and harassed the the needs.The sufferings that the needy mass underwent had created the ambience for the earlier Policy Makers to create a...
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Debate: "Micro finance - An Old wine in new bottle" deleted from your view.
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