International Journal of Management and Social Sciences (IJMSS)
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BUILDING SUSTAINABLE MICROFINANCE INSTITUTIONS (MFIS) IN INDIA
Abstract
Indiais perhaps the largest emerging market for microfinance. Over the past decade, the microfinance sector has been growing inIndiaat a fairly steady pace. Though no microfinance institution (MFI) inIndiahas yet reached anywhere near the scale of the well-known Bangladeshi MFIs, the sector inIndiais characterized by a wide diversity of methodologies and legal forms. However, very few Indian MFIs have achieved sustainability yet. The sustainability of MFIs by itself is not enough unless a fully fledged MFS (Micro Finance sector) is established on sustainable lines. This paper tries to examine what comes in the way of making Indian MFIs sustainable and what can facilitate this.
Keywords
References
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