Informal Credit System Through Social Entrepreneurs in Tiruchirappalli District, Tamil Nadu

Despite the vast expansion of the formal credit system in India, the dependence of the rural poor on informal credit institutions continues in some areas especially for meeting the emergency credit requirements. Such dependence is pronounced in the case of marginal farmers, landless labourers, petty traders and rural artisans, etc., particularly in the resource-poor areas. And credit needs of these sections determined in a complex socio-economic milieu, where it is difficult to adopt project lending approach as followed by banks and where the dividing line between credit for "consumption" and "productive" purposes is blurred (NABARD 1999). It is in this context, peoples' management in making credit to poor assumes significance. The participatory approach bring out the mutual trust and over comes the asymmetric information between the members, which is necessary for initiating banking relationship based on trust and confidence.

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The Paradoxical Effect of Drive Factors on Social Entrepreneurship Sustainability

International Journal of Recent Technology and Engineering - 2 ◽

10.35940/ijrte.b1658.078219 ◽

2019 ◽

Vol 8 (2) ◽

pp. 644-649 ◽

Cited By ~ 1

Keyword(s):

Social Entrepreneurship ◽

Tamil Nadu ◽

Negative Impact ◽

Social Enterprises ◽

Venture Creation ◽

Paradoxical Effect ◽

Structured Interviews ◽

Social Entrepreneurs ◽

The Social ◽

Social Environmental

In today’s world of wealth centered and technology drivenhuman population, the dawning era of social entrepreneurship acts as an inception agent in finding solutions to nearly all the pivotal and despairing social, environmental and cultural problems prevailing in the society. Throughout history researches carried out on identifying the underlying factors motivating and supporting the evolution and sustainability of social entrepreneurship venture creation, has led to various constructive results. In an attempt to understand the triggering effect these social and entrepreneurial drive factors possess upon an individual’s social entrepreneurship intentions; it was observed that the paradoxical effect of the coexistence of the social and entrepreneurial drive factors on the sustainability of social entrepreneurship has received less attention. Seeking to scrutinize that gap in the literature, this paper aims at identifying the level of inclination social entrepreneurs exhibit towards the social and entrepreneurial drive factors in the process of social entrepreneurship venture creation and the degree of contribution these factors have towards the sustainability of those social ventures from in-person, structured interviews with social entrepreneurs across various fields of operations in Tamil Nadu. This paper follows multivariate analysis techniques for testing the interdependency association amongst the measurement variables measured under entrepreneurial and social drive elements influencing social entrepreneurship. The empirical findings of the paper show that, the entrepreneurial drive factors receive relatively less importance in comparison to the social interests of the entrepreneur. Thus this paper concludes that paradoxical effect between the social and entrepreneurial drive factors have a negative impact on the sustainability of the social enterprises. The paper discussion traces on ways to offset that negative impact and improve sustainability of social enterprises.

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Microfinance and Women Empowerment: A Case Study of Darjeeling District

PRAGATI Journal of Indian Economy ◽

10.17492/pragati.v2i1.6453 ◽

2015 ◽

Vol 2 (1) ◽

Author(s):

Bhajan Chandra Barman

Keyword(s):

Rural Women ◽

Survey Method ◽

Rural Poor ◽

Credit System ◽

Chi Square ◽

Informal Credit ◽

Poor Women ◽

Chi Square Test ◽

Real Picture

Micro finance in the form of Self-Help Group (SHG) Linkage model has been able to inspire hope in the lives of thousands of rural poor especially poor women by shifting them from debt-trap of informal credit sources to formal credit system. In this context the present study makes a modest attempt to examine that extent to which microfinance programme is effective in empowering rural women. A primary field survey has been carried out in Kharibari block of Darjeeling district to get the real picture. Survey method was applied and interview schedule has been used to collect relevant data from the respondents. Using tabular analysis and chi square test, results of this study indicate significant differences between SHGs women (i.e., those involved with SHG) and non-SHGs women regarding various economic, socio-cultural and political indicators of empowerment. It was also found that SHGs women have more active participation in various income generating activities. They earned more income, saved more money and at the same time owned more assets than non-SHGs women. The study also stresses the need of more loans to be expanded to rural poor women folk to enhance their economic solvency and empower them economically.

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A Comparative Study between Informal and Formal Finance: A Literature Review

Accounting and Finance Research ◽

10.5430/afr.v8n4p231 ◽

2019 ◽

Vol 8 (4) ◽

pp. 231

Author(s):

Mai Ahmed Abdelzaher

Keyword(s):

Rural Communities ◽

Positive Impact ◽

Credit System ◽

Return On Assets ◽

Private Companies ◽

Informal Finance ◽

Informal Credit ◽

Asymmetrical Information ◽

Predominant Form ◽

Formal Finance

The informal credit system is a prevailing form of economic exchange in emerging countries. It is the predominant form of credit in rural communities because it is based on a culture of reciprocity (Family participation-relatives-Loyalty-friends-Neighbour). Informal finance contributes significantly to the growth of small and medium-sized enterprises (SMEs). The present study justifies the wide application of informal finance. We find that these projects suffer from the problem of asymmetrical information. They also offer few guarantees. Informal financiers have an advantage over formal financial organizations, in gathering information on lenders in SMEs. The aim of our study was to explore formal and informal credit systems and to explain the prevalence of informal systems in developing countries. The study concluded that credit from informal sources is superior to credit from formal sources because it results in low rates of default on loans. The study also showed that informal finance and commercial credit have a positive impact on the performance of private companies, measured using the rate of return on assets.

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Counterfeiting What? Aesthetics of Exteriority and the Ontology of the Brand in Tamil Nadu, India

PsycEXTRA Dataset ◽

10.1037/e624912011-001 ◽

2010 ◽

Author(s):

Constantine Nakassis

Keyword(s):

Tamil Nadu

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Farmers Clubs and Livelihood Opportunities through Livestock Development: An Analysis in Select Villages of Nagapattinam District, Tamil Nadu

PRODUCTIVITY ◽

10.32381/prod.2018.59.01.6 ◽

2018 ◽

Vol 59 (1) ◽

pp. 56-61

Author(s):

P. BALAMURUGAN ◽

Keyword(s):

Tamil Nadu ◽

Livestock Development

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Natural parasitism of eggs of yellow stem borer, Scirpophaga incertulas Walker (Lepidoptera: Crambidae) in rice ecosystem at Tiruchirappalli, Tamil Nadu

ENTOMON ◽

10.33307/entomon.v45i3.549 ◽

2020 ◽

Vol 45 (3) ◽

pp. 181-188

Author(s):

T. Sharmitha ◽

C. Gailce Leo Justin ◽

S. Sheeba Joyce Roseleen ◽

P. Yasodha

Keyword(s):

Field Study ◽

Tamil Nadu ◽

Host Density ◽

Stem Borer ◽

Scirpophaga Incertulas ◽

Egg Masses ◽

Yellow Stem Borer ◽

Rice Ecosystem ◽

Natural Parasitism

Three species of parasitoids viz., Telenomus dignus Gahan, Trichogramma japonicum, Ishii and Tetrastichus schoenobii Ferriere were recorded from the egg masses of rice yellow stem borer, Scirpophaga incertulas (Walker) in a field study. The extent of parasitism was high during Rabi (43.33 – 93.33 %) and low during Kharif (0 - 40.00 %). Parasitism by T. dignus was maximum in October (50.00 %), T. japonicum, in November (23.08 %) and T. schoenobii in February (55.55 %). dignus and T. schoenobii in combination parasitized maximum number of egg masses (41.82 %). Multiple parasitism by the three species was high in December (8.33 %) and January (7.14%). Parasitic potential was maximum, when T. schoenobii alone parasitised the egg masses followed by T. dignus and T. schoenobii in combination. Host density in the field influenced the extent of parasitism.

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