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MICROFINANCE TO THE TRIBAL PEOPLE IN INDIA

Halima Sadia Rizvi, Deepali Khanna

Abstract


As the Indian economy has been progressing and growing for the past sixty decades after independence, the benefits of such growth have not yet trickled to those who are still attached to their natural habitations. Scheduled tribes communities live in about 15% of the country’s areas, in various ecological and geoclimatic conditions ranging from plains and forests to hills and inaccessible areas. Tribal groups are at different stages of social, economic and educational development. More vulnerable among them are the tribal women. All these groups need adequate financial assistance to lead reasonable and respectable lives. Much of our banking system has not completely reached to the neediest sections of the society. An attempt has been made in this paper to understand the need for microfinance for a developing country like India. The authors then examine the extent of the people who belong to the tribal category.

This paper attempts to analyze the provision of microfinance to the tribal areas of the countries. A special focus will also be on the women beneficiaries of such credit, as it helps them to enhance their economic and political status. Progress and limitations regarding successful provision of the microfinance facilities to the tribal people of India, would be analyzed with regards to the latest data available. The limitations of the data have been recognized by the authors. At the end, after a thorough analysis of the data and the existing status of microfinance to the tribal people of India, the authors have made some suggestions in this regard.


Keywords


Microfinance, Tribe, Tribal people, Self-help Groups, Microfinance Institutions, Poverty Outreach, Scheduled Tribe, Microfinance in India

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