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Outreaching the poor under microfinance institutions in India: Rhetoric versus realities
Author(s) -
Sangwan Sunil,
Nayak Narayan Chandra
Publication year - 2020
Publication title -
journal of public affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 20
eISSN - 1479-1854
pISSN - 1472-3891
DOI - 10.1002/pa.2161
Subject(s) - microfinance , outreach , financial inclusion , poverty , context (archaeology) , inclusion (mineral) , rhetoric , business , economic growth , financial system , development economics , financial services , economics , finance , sociology , social science , geography , linguistics , philosophy , archaeology
In India, microfinance institutions (MFIs) have made an impressive contribution in achieving the financial inclusion. However, the peculiar features of MFI lending—the uncollateralized small amount loans—raise doubts on their outreach and targeting that whether the poor are really being served. This study based on a primary survey ascertains that mere financial inclusion does not guarantee poverty outreach in the context of India.