A Case Study about Micro Finance: The New Mantra of Rural Finance to Reduce Poverty
Micro finance services are designed to help the underprivileged to increase their earning, consolidate their properties and even gain a decent financial stability in life. The advantage of availing the micro finance credit over the more traditional means is the unwillingness of the later to serve the underprivileged people.
Grameen Bank – A Role Model in Microfinance: Yet another monsoon season was approaching; but Joshuna Begum (Begum) unlike her neighbors was not worried about her house getting damaged during the monsoon. Her house now had a tin roof, mud walls and wooden windows, a luxury in rural Bangladesh. Earlier, Begum’s house had a straw roof and bamboo walls, which used to get damaged in the monsoon season, forcing the whole family to live in the kitchen. She got her hut repaired with a loan from the Bangladesh Grameen Bank
Case Study about Micro Finance the New Mantra of Rural Finance to Reduce Poverty
Introduction: The rural finance policy pursued in most developing countries beginning from 1950s was based on providing subsidized credit through state controlled or directed institutions to rural segments of population. The key problem areas visualized in rural financial markets includes- lack of credit in rural areas, absence of modern technology in agriculture, low savings capacity in rural areas and prevalence of usurious moneylenders. Emergence of micro credit in late 1970s and early 1980s in the backdrop of growing world attention on deficiencies of earlier approach in rural finance explains much of its dominant theoretical underpinnings.
Micro Finance and Poverty Relief in India: A significant amount of the underprivileged people in India is somehow able to tailor their financial resources in a way that they can realize their ambitions vis-‡-vis their houses or other plans. However with the introduction of micro finance in India, the standard of living of the poor section of the population is expected to improve. Micro finance services are designed to help the underprivileged to increase their earning, consolidate their properties and even gain a decent financial stability in life. The advantage of availing the micro finance credit over the more traditional means is the unwillingness of the later to serve the underprivileged people.
“We migrated to Ultraspeed to be on a modern and more cost-efficient set-up. Their virtualised, diskless infrastructure and the ever ready support team ensure that we always deliver the best value and service to our clients.”
- ANWAR ISHAK, Head of Development, STEEL.
STEEL is a London-based digital agency that has been creating strategically led digital marketing communications since 1996. Their mantra of ‘smart digital thinking’ and putting the user experience at the heart of everything they do has led to a loyal client base and projects for numerous companies including The Financial Times, Talk Talk and Perfect Pizza.
The Problem: STEEL was looking for a hosting partner that provided a dedicated server resource they could manage themselves. This way they could standardize their hosting to their clients. On top of this, they were looking for a modern setup that could make them look good in front of potential clients.
Click here to find out more information for STEEL
A satisfied Bajaj Auto Finance and a confident Prasa Sales to take on similar projects with much ease. However, the task was much more complex than the simple mantra. Bajaj Auto Finance has a dealer network located across the width and breadth of the country, which it planned to connect centrally at Pune. The idea behind connecting all the locations centrally was to speed up the processing time for the transactions at Bajaj Auto Finance. Click here to read more…
The new mantra of this new decade is “me, we, higher purpose.” Many brands are good at marketing to “me,” which requires reaching a deep, aspirational desire or need. Doing this right means transcending rational, functional or emotional benefits, and getting at subconscious behavioral drivers.The “we” part is trickier because it shifts the relationship away from “us” (the brand) and “them” (the consumer), which is how most. Click here to read more…
IT is such a field in which the amount of work done till the end of the day always seems to be less as compared to the requirement. Hence most of the IT companies keep expanding themselves. But I’m sure that you’ll agree to the fact that this isn’t a cost effective way to get your work done. But there’s nothing to be anxious, because there’s an answer to this situation- ‘Offshore IT’. This mode of working is indeed new, but has been amazingly successful…click here to read more on Offshoring
Saving lives, reducing recovery times — it’s all about patient value. This is the proud mantra of one of the most interesting companies in the medical electronics industry: Intuitive Surgical. Already in use at 1,500+ sites worldwide, the company’s da Vinci® Surgical Systems maximize value for many patients by increasing the applicability of minimally invasive surgery (MIS).
Intuitive Surgical has worked with Xilinx since 2003 to speed the delivery of new, more advanced da Vinci capabilities to operating rooms. Xilinx FPGAs have contributed to multiple generations of the system, and Intuitive Surgical engineers continue to embrace the programmable devices for exceptional bandwidth, embedded processing speed, and ﬂexibility. Click here to read more…
As IT firms automate their commoditized service offerings, they do not necessarily need engineers to perform all tasks. Instead, they are increasingly hiring non-engineering graduates for testing software applications and managing computer infrastructure of their clients in order to do more with fewer staff and at lower wages than computer engineers..click here to know more on this change