Self Help Groups in India: A Messiah for Rural Women?

By Anmol Kaur Bawa, Symbiosis Law College, Pune.

Self-Help Groups (SHGs) have pioneered the idea of microfinance investment in the Southeast Asian countries in the realm of globalisation. A Self-Help Group, as the term suggests, is a collective of borrowers at a micro-level, which takes loans from the bank under the combined representation of a group and lends among its members at a lower rate of interest. The individual earnings then, form a part of the group savings, in turn deposited to the bank. (more…)

Pradhan Mantri Mudra Yojana: An Analysis

By Vershika Sharma, National Law University, Jodhpur.

Pradhan Mantri MUDRA Yojana is an institution set up by the Government of India (GoI) to provide funding to the non-cooperate/non-farm sector income generating activities of Micro and Small Enterprises or Unorganised Business Enterprises whose credit needs are below 10 lack provided through various Last Mile financial institutions like Banks, NBFCs and MFIs. (more…)