Evolution of Rural Informal Financial Institutions in South Asia

Banik, A. (2003) Evolution of Rural Informal Financial Institutions in South Asia. Savings and Development, 27 (4). pp. 361-375.

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Unfortunately, credit is one of the least confidently aspects of the rural economy in Eastern India, Bangladesh and Nepal. One reason for this is the dearth of careful empirical studies on rural credit. It is imperative to mention here that there is a significant difference between the concept of micro credit (or micro finance) and farm credit through informal channels. Micro finance products aimed primarily at micro-entrepreneurs, especially market vendors, with short loan terms, regular repayment schedules and ever increasing loan amounts. The target clients are skilled non-farmers. The poor and marginal farmers on the other extreme also need credit at different points of time, starting from sowing to harvest time. Here also the informal sector plays a useful role.

Item Type: Article
Author Affiliation: University of the West Indies, Cave Hill Campus, Barbados
Subjects: Social Sciences
Divisions: General
Depositing User: Mr Siva Shankar
Date Deposited: 14 Oct 2013 04:07
Last Modified: 14 Oct 2013 04:07
Official URL: http://www.jstor.org/stable/25830839
URI: http://eprints.icrisat.ac.in/id/eprint/11976

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