Effectiveness of Microfinance Schemes in Poverty Alleviation in Select Districts of Eastern Uttar Pradesh

Keshav Shyam

doi:10.36948/ijfmr.2023.v05i06.10609

Effectiveness of Microfinance Schemes in Poverty Alleviation in Select Districts of Eastern Uttar Pradesh

Author(s)	Keshav Shyam
Country	India
Abstract	Microfinance is an effective tool for reducing poverty thereby improving their r socio-economic conditions. Further it is found that SHGs, direct mode of generation of microfinance are the important modes of the microfinance. The present study attempts to study the effectiveness of Microfinance schemes in reducing poverty in these regions. Self-Help Group (SHGs) is an important instrument for microfinance for the poor living in these regions. The maximum respondents are reporting that they are using this microfinance for starting new occupation and some other respondents reported that they started new occupation and purchased animals, social functions, agriculture, etc. With this microfinance farmers can easily purchase seeds, fertilizers, irrigation facility, animals and social functions such as marriage can be performed because money obtained from the NRLM, MUDRA and MSY scheme which are available throughout the year within the credit limits. This study provides a clue that out of all mode of availing the microfinance, microfinance through SHG is more efficient and preferred by most of the respondents. Further it is also noticeable that microfinance through SHGs develops a tendency of savings among its members and it provides an opportunity to work in a group which further developed the social bonding among them. The application of mean, standard deviation ,ANOVA and regression was applied to analyse the effectiveness of Microfinance scheme . The analysis of data indicates that t microfinance schemes in the area under study are playing better role in poverty alleviation in Shravasti and Behraich Districts of Uttar Pradesh.
Keywords	Key Words: Microfinace, SHG, Poverty, NRLM, MUDRA ,MSY
Field	Business Administration
Published In	Volume 5, Issue 6, November-December 2023
Published On	2023-12-25
Cite This	Effectiveness of Microfinance Schemes in Poverty Alleviation in Select Districts of Eastern Uttar Pradesh - Keshav Shyam - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.10609
DOI	https://doi.org/10.36948/ijfmr.2023.v05i06.10609
Short DOI	https://doi.org/gs98vm

View / Download PDF File

E-ISSN 2582-2160

doi

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads

Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 6 Cover Page Vol 6 Isu 5 Cover Page Vol 6 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Effectiveness of Microfinance Schemes in Poverty Alleviation in Select Districts of Eastern Uttar Pradesh

Share this