About the Book: Micro Finance and Epowerment of Rural Poor in India
In India, micro finance has emerged as a visible credit channel to the poor,
whose access to conventional credit sources is constrained by the requirement of
collateral and high transaction costs. Micro finance is routed through self-help
groups (SHGs). Over the years, the SHG-bank linkage program has emerged as the
major micro finance program. The focus of the SHG-bank linkage program is
largely on those rural poor who have no sustainable access to the formal banking
system. The target groups, therefore, broadly comprise small and marginal
farmers, agricultural and non-agricultural laborers, artisans and craftsmen, and
other