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Presentation on genesis of Micro finance
Submitted to: Ms. Sandeep Kaur(deptt. Of Commerce)
Submitted by: Monica Bagga M.com 3rd sem 3101
Micro Finance
Micro Credit Micro Savings
Micro credit-is a provision of credit and other financial services and products of very small amount to the poor in rural, semi urban & areas for enabling them to raise their income levels and improving standards
Micro savings- savings made by low income or poor people made their savings in particular institutions.
Grameen creditPromotes credit as
human beingTo help poor peopleGenerate self
employmentBuilding social capitalLoans are repaid in small
installmentsChallenge of traditional
banks
Types of micro savings products
• Involuntary deposits• Voluntary deposits• Contractual savings• Time deposits
Types of Micro Credit products
1) Income generation loan (IGL)2) Mid Term loan (MTL)3) Emergency loan4) Individual loan
Low rate of interest on loan
Not a charitySize of loan and
savings
SHORTCOMINGS OF MICROSAVINGSNot available the micro
services at vast levelUnawareness among
peopleInfrastructural facilitiesDoubts in mind of people
Solutions to overcoming problems
Improving proximityLess costly services to poor
peopleImproving the securityOrganizational staff’s
attitude ,culture is user friendly