Microfinance and Financial Inclusion in India

The NABARD Story

Microfinance and Financial Inclusion in India
Govinda Rajulu Chintala, Rajendra Kumar Thanvi
RRP:
NZ$ 142.99
Our Price:
NZ$ 135.84
Paperback
h215 x 139mm - 236pg
14 Dec 2022 IND
International import eta 10-19 days
9789354795404
Out Of Stock
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The success of microfinance in the last three decades has shown that if given adequate infrastructural and governmental aid, the poor can be bankable. Microfinance and Financial Inclusion in India traces the origin of microfinance in India and examines its growth, delivery and institutional models, and the challenges it faces. It advocates more engagement with the poor clientele through an appropriate product and process mix that could contribute meaningfully to India' s economic development. The book also looks into the trailblazing initiatives launched by the National Bank for Agriculture and Rural Development (NABARD) to promote microfinance and inclusive banking services. It explores self-help groups and joint liability groups that can leverage social capital to support microentrepreneurs and small farmers with adequate and timely institutional credit. This book captures the fascinating journey of Indian microfinance by delving into NABARD' s work, the use of technology to transform banking for the poor and the dream of universal financial access.
Govinda Rajulu Chintala is the former Chairman of the National Bank for Agriculture and Rural Development (NABARD) (27 May 2020 to 31 July 2022). Before that, he was the Managing Director of NABFINS, a subsidiary of NABARD headquartered in Bengaluru. Dr Chintala, a Postgraduate from the prestigious Indian Agricultural Research Institute, New Delhi, joined NABARD as an officer and worked in various capacities at the Head Office, Mumbai, and Regional Offices including Hyderabad, Chandigarh, Lucknow, Andaman & Nicobar Islands, New Delhi and Bengaluru. He was also the Vice President of Agri-Business Finance Ltd. (now NABSAMRUDDHI Finance Ltd. ), Hyderabad, and the Director of Bankers Institute of Rural Development (BIRD), Lucknow. He has handled several consultancy assignments including a significant one on ' Roadmap for Amalgamation of Regional Rural Banks' in 2006 that led the way for the consolidation of 196 Regional Rural Banks. He also undertook a consultancy assignment on ' Efficacy of SGSY in meeting the aspirations of SCs/STs' commissioned by the Ministry of Rural Development, whose recommendations helped in launching the National Rural Livelihood Mission (NRLM) throughout the country and phasing out the Swarna Jayanti Gram Swarojgar Yojana. Dr Chintala had also successfully introduced the Producers Organisations model in Andaman & Nicobar Islands. He has visited over 20 countries including USA, China, European nations, Bolivia, Brazil, Kenya, Senegal, Indonesia, etc. , for presenting papers and other assignments. Rajendra Kumar Thanvi is a postgraduate from National Dairy Research Institute (NDRI) Karnal. He joined NABARD as an officer in 1984 and retired as Chief General Manager in February 2019. His last assignment was as the head of Rajasthan Regional Office of NABARD. During his tenure in NABARD, he has worked in various capacities including a seven-year stint as Faculty Member with BIRD. Having been a part of NABARD and BIRD, he has a deep understanding of issues of rural India, especially from the point of view of the availability of financial services for the poor. He has travelled across the country in connection with study and consultancy assignments on different aspects of rural development. He has been writing regularly on issues relating to rural finance.

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