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/lp/sage/inclusive-growth-through-mfis-outreach-in-assam-gAmktpBwGS
- Publisher
- SAGE
- Copyright
- © 2011 Asia-Pacific Institute of Management
- ISSN
- 0973-2470
- DOI
- 10.1177/097324701100700305
- Publisher site
- See Article on Publisher Site
Abstract
Inclusive growth refers to ensuring that all the phases of development (designing, implementation, monitoring, evaluation) include the whole population of economy. The primary objective of this research is to illustrate and assess the role of microfinance outreach by MFIs towards bringing inclusive growth in Assam. Top 34 MFIs are selected based on their number of active clients. Primary data is collected from MFIs during June — October, 2010. The study concludes that the microfinance outreach by MFIs of Assam is growing at a faster pace of 38.51% in the last three years and also playing an important role in providing financial services to the poorer section of the society — not reached by the formal banking and other financial systems. The results of this study indicate that the aggregate outreach of the MFIs of Assam is 1.30% of the total population and 3.77% of the poor against the national outreach of 5%. Finally, the study concludes that the aggregate outreach rate of Assam is much lower than the national average, but given the policy environment growth in outreach by MFIs is satisfactory.
Journal
Asia Pacific Business Review – SAGE
Published: Jul 1, 2011