Original Research Article
Year: 2016 | Month: May | Volume: 3 | Issue: 5 | Pages: 1-6
Micro Enterprises Promotion in Andhra Pradesh: An NGO Study
Prabhakar Kotte
Post Doctoral Fellow, Department of Anthropology, Sri Venkateswara University, Tirupati, A.P., India.
ABSTRACT
Micro Finance has been recognised and accepted as one of the new development paradigms for alleviating poverty through social and economic empowerment of the poor with special emphasis on empowering women. Microfinance, by definition, refers to the entire range of financial services rendered to the poor and including skill up gradation, entrepreneurial development that would enable the m to overcome poverty. Various Self Help Promoting Institutions and Non-Government Organisations have been recognized as an entity in the micro finance concept specially in providing credit plus services. NGOs, which were initially confined to the social aspects of development, were enlarged to help the poor and weaker sections of the rural society in their economic pursuits. The Self Help Promoting Institutions are agencies which help the poor to organize themselves into groups, help them in their organizational, managerial and financial matters and in upgrading their skills and in some cases, in countering pressures from vested interests. There have been a wide variety of Self Help Promoting Institutions in the SHG movement in the country ranging from government agencies to the NGOs, Farmers Clubs, banks and Individual Rural Volunteer.
Key words:Micro Finance, NGOs, Self Help Promoting Institutions.