ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Microfinance in India

One of the reasons for the lacklustre performance of both public and private sector banks in extending credit to weaker sections is their high level of NPAs. While credit under the Swarnjayanti Gram Swarozgar Yojna scheme across states has been extended in proportion to the poor in the population, this is not so in the case of self help group (SHG) credit that has been growing at the rate of 120 per cent per annum. However, growth in SHG credit has been uneven. The southern states are seen as SHG-developed states while Bihar and Madhya Pradesh are among those characterised as SHG-backward. But besides the SHG model in extending credit to weaker sections, other different models exist for extending microcredit to the poor and weaker sections.

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