Targeting the Poor for Rural Development – Review of International Experience on Microcredit Programmes

  • Saikumar C. Bharamappanavara M.Sc.(Agri.), IMRD (EM Scholar) Ph.D student (DAAD Fellow), Dept. of Agril. Economics Division of Resource Economics, Berlin Institute for Cooperative Studies (BICS), Luisenstrasse-53 Humboldt University of Berlin, Germany.
  • Dr. Naveen Kumar K Dr. Naveen Kumar K Faculty National Institute of Bank Management (NIBM) NIBM P.O, Kondhwe Khurd Pune – 411 048, India Phone: 020-26716570 (Office) Fax: +91(0)20-26834478 naveen@nibmindia.org
Keywords: Microcredit, MDGs, NGOs

Abstract

This paper is an argumentation presented with review of literatures on the topic, In broader context gave the comprehensive picture on microcredit concept and its working principle to fight against poverty. In the beginning the causes for rural credit problems, reasons for stagnation in the rural society instead of growth and development causing poverty thrift, which is more to reality in almost all the developing countries in the world is reviewed and discussed. Then ephemerally explained how micro-credit can become a new development strategy to tackle the problem in a massive way in the context of globalization giving the success example Bangladesh. Later explanations on definitions of microcredit were given with narrowed down focus a bit on meaning of micro-credit. In the Later part discussed the picture of micro-credit experiments and experiences at the world level, with few experiences of developing Asian countries like Bangladesh and India. The “micro-credit outreach to reach the Millennium Development Goals is also discussed and concluded with topics for future debate.

Author Biography

Dr. Naveen Kumar K, Dr. Naveen Kumar K Faculty National Institute of Bank Management (NIBM) NIBM P.O, Kondhwe Khurd Pune – 411 048, India Phone: 020-26716570 (Office) Fax: +91(0)20-26834478 naveen@nibmindia.org
Dr. Naveen Kumar KFacultyNational Institute of Bank Management (NIBM)NIBM P.O, Kondhwe KhurdPune – 411 048, IndiaPhone: 020-26716570 (Office)Fax: +91(0)20-26834478naveen@nibmindia.org

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Published
02-10-2014
How to Cite
Bharamappanavara, S., & K, D. N. K. (2014). Targeting the Poor for Rural Development – Review of International Experience on Microcredit Programmes. Journal of Global Economy, 10(3), 177-190. Retrieved from http://www.rcssindia.org/jge/index.php/jge/article/view/302
Section
Articles