Microfinance in India: issues, problems, and prospects : a critical review of literature/ S.L. Shetty.

Includes bibliographical references (pages 619-658).

1. Baclcground to the Study.
Theoretical Undercurrents Relevant to the Study
Structural Disabilities of the Indian Economy: Imperatives
of Concerted Institutional Support for the Marginal Groups
Nature of Financial Exclusion amongst Farm Households
and Non-Farm Enterprises
Need for a Theory of Finance Accommodating
the Structural Characteristics of the Indian Economy
2. Microfiiiance: The Concept, Models and Histoiy
The Concept of Microfinance
The Origin and Histoiy of Microfinance Movement
Extant Models of Group Financing Arrangements in Vogue
Commercial Banks in Microfinance
International Initiatives in Microfinance
3. Countiy Models and Experiences
NGO-Supported inFls
Government-Supported Microfinance
Bank-Supported niFI Arrangements
4. Evolution of Microfinnnce in India
SEWA Bank
SHC-Bniiks iinka^ic rrngrammc of NABARD
SIDBI Foundation for Micro-Credit ISFMC)
Microfinancc in Government Programmes
Independent Private Microfinance Institutions
Mierofinance Programme of ICICI Bank
5. Factual Profile of Microfinance Seetor in India.
Overall Fact Sheet of Progress of SHG-BL Programme
SIDBI Foundation for Micro-Credit (SFMC): A Progress Sheet
Progress of Independent niFIs
Microcredit and Mainstream Banking;
A Distressing Case of Financial Exciiision
6. Regulation and the New Bill
Laissez-Faire Approach to Regulating mFIs
Regulation of the mFI Sector: The Indian Story
Fresh Proposals for MFI Regulations in India;
Controversies a Galore
The Malegam Committee, the RBI Response,
the mFI Bill of 2011 and All that
7. A Detailed Review of Evaluation and Impact Studies
State of the Microcredit Summit Campaign Reports;
Scope for Caveats on Claims of Outreach
Impact of Microfinance; Divergent Results
8. Emerging Debate on Critical Issues
Critical Issues of Concern for mFIs
Mierofinance; Future Challenges and Strategics
9. Conclusions and Recommendations.
An Assessment; Wider Challenges before the Financial System
Key Suggestions and Recommendations
concerning the Total mFI Sector
Financial Inclusion; Resurrection of the Goals of
Bank Nationalisation and Renewed Emphasis on Small
and Informal Sectors
Substantive Recommendations on the Role of the
Financial System for Broadening Growth and
the Pattern of Development