Essays /

Financial Inclusion Through Microfinance Health Insurance In Essay

Essay preview

Financial Inclusion through Microfinance Health Insurance


India is home to the largest population of poor in the world. Microfinance in India has emerged as a powerful tool for financial inclusion. The ‘SHG – Bank Linkage’ programme plays a predominant role in the financial inclusion of poor. The programme is coming up well and being implemented widely across the country. But there is a need to strengthen the SHG-Bank Linkage Programme to fully mainstream it with the commercial banking system. The programme is scaling up at a rapid pace in South India, while the progress in other regions is slow. The variations in performance across the regions, both in terms of reach and quality needs immediate attention.

Lack of knowledge and understanding of services and its attendant policy and processes among the poor population are important factors that impediment their financial inclusion. In other words, financial literacy is critical for financial inclusion. The vulnerable situation faced by the poor like irregular employment, unemployment, seasonality, illiteracy and growing tren...

Read more


100 3 35 academ academician accept access accord across activ actuari adapt advers affect afford agre alon also among amount andhra anim area assum attend attent avail bad bank bare base basix benefit best better bibliographi boy burden buy call cbhi challeng claim clear client come commerci commiss communiti community-bas compani consequ contract cost could countri cover coverag creat credit critic custom day decid definit deposit deserv develop disast draft earner easili elsewher emerg employ end establish estim event exist experi extens face factor fall famili farm father financi find fish form fortun fraud fulli gain gear given global good govern gradual group grow growth hazard head health herd high highest hold home hope household huge i.e illiteraci imagin immedi impedi implement import impoverish inclus incom independ india indian individu instanc institut insur insurance/safety involv irregular issu knowledg labor lack land largest latest leader less level like limit line linkag literaci live local lose low low-cost machineri mainstream make malaria manag mani margin marguerit media medic meet member micro microenterpris microfin microinsur million mius model moral movement much multipl mutual myrada need net ngos number offer one oper organiz pace packag particular pay payment peopl perform person play polici poor popul poster poverti power pradan pradesh pre pre-pay predomin primari problem process produc programm progress proper protect provid qualiti rapid ration reach realiti receiv recycl refer refus region reject remark renew rent repair report repres requir research1 resourc resource-poor risk robberi robinson role rudimentari rural scale scheme scope season segment select send serious servic sewa share shg shg-bank shift sick singl situat six skill slow slowli small small-scal solut sourc south southern specif start stori strengthen success suggest suit sustain system term throw thus time tool toward trade trend trust uganda unabl underserv understand underwrit unemploy unforeseen unit upward urban usual variat vehicl vulner wage way well western wide wit within without word work world would year