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Microfinance and the Cooperatives in India: Can the Poor Gain from Their Coming Together?

机译:小额信贷与印度的合作社:穷人能从中团结吗?

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Linkage with microfinance is the latest amongst the series of efforts aimed at reforming credit cooperatives in favour of the poor. The article is an attempt to identify and discuss some of the relevant conceptual and policy issues and the emerging lessons of the adoption of microfinance by cooperatives with a focus on the Self-help group (SHG)-Bank Linkage Programme (SBLP) in India. The findings reflect the severe constraints of cooperatives in realizing the twin goals visualized of the linkage viz.inclusion and sustainability. Despite a few noteworthy efforts by the cooperatives, the overall results of the linkage leave much to be desired. Constraints of policy and organizational abilities of cooperatives for adoption of microfinance, not to mention certain inherent limitations of micro-finance, have been identified as factors influencing the observed performance. Theoretically, the article points to a possible overriding effect of the historical dilemma of elite capture on the role of cooperatives.
机译:与小额信贷的联系是旨在改革信贷合作社以利于穷人的一系列努力中的最新举措。本文旨在识别和讨论一些相关的概念和政策问题,以及合作社采用小额信贷的新兴经验教训,重点是印度的自助小组(SHG)-银行联系计划(SBLP)。研究结果反映了合作社在实现联系可视化的双重目标(包括包容性和可持续性)方面受到的严重制约。尽管合作社作出了一些值得注意的努力,但联系的总体结果仍然有很多不足之处。合作社采用小额信贷的政策和组织能力的约束,更不用说小额信贷的某些固有局限性,已被确定为影响观察到的绩效的因素。从理论上讲,这篇文章指出了精英俘获的历史困境对合作社角色的潜在压倒性影响。

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