Prelims

Nishi Malhotra (Assistant Professor, OP Jindal Global University)

Microfinance and Development in Emerging Economies

ISBN: 978-1-83753-827-0, eISBN: 978-1-83753-826-3

Publication date: 4 September 2023

pdf (207 KB) ePub (8.2 MB)

Citation

Malhotra, N. (2023), "Prelims", Microfinance and Development in Emerging Economies, Emerald Publishing Limited, Leeds, pp. i-xix. https://doi.org/10.1108/978-1-83753-826-320231009

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:

Emerald Publishing Limited

Half Title Page

Microfinance and Development in Emerging Economies

Title Page

Microfinance and Development in Emerging Economies: An Alternative Financial Model for Advancing the SDGs

By

Nishi Malhotra

Assistant Professor, OP Jindal Global University

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2023

Published under exclusive licence by Emerald Publishing Limited.

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A catalogue record for this book is available from the British Library

ISBN: 978-1-83753-827-0 (Print)

ISBN: 978-1-83753-826-3 (Online)

ISBN: 978-1-83753-828-7 (Epub)

Dedication

I dedicate this book to my parents, sister and the Indian Armed forces. Above all I thank the almighty God and our priest for his blessings.

List of Figures and Tables

Chapter 1
	Handicraft Industry in Nepal – Paradigms of Poverty
Figure 1.	Reasons for Poverty.
Figure 2.	Factors Impacting the Level of Poverty.
Figure 3.	Sources of Poverty.
Figure 4.	SDG (Sustainable Development Goals) Approach to Poverty.
Figure 5.	Broad Definition of Poverty.
Chapter 2
	Flower Industry and Village Community of Meghalaya
Figure 1.	Social Capital in a Group Lending.
Figure 2.	Systems View of Social Capital.
Figure 3.	Social Capital Through the Institutionalisation of Shared Norms.
Figure 4.	Operational Mechanism for Social Capital.
Figure 5.	Information as Source of Social Capital.
Figure 6.	Constituents of Social Contract.
Figure 7.	Impact of Community Organisation on Development Through Social Capital.
Chapter 3
	Digitisation of the Bombay Stock Exchange
Figure 1.	Circular Flow of Economy.
Figure 2.	Type of Financial Markets.
Figure 3.	Role of Financial Literacy to Promote Inclusive Financial System.
Figure 4.	Financial Inclusive System in India.
Chapter 4
	Ingreso Solidaro – Digital Inclusion
Figure 1.	Factors Impacting the Adoption of Digital Inclusion.
Figure 2.	Factors Impacting the Adoption of Technology.
Figure 3.	Use of PPI Instruments and Financial Inclusion.
Figure 4.	Credit Card Usage and Financial Institution.
Figure 5.	Debit Card Usage at ATM and POS.
Figure 6.	Electronic Payment System.
Figure 7.	Real Time Gross Settlement.
Figure 8.	Technology Acceptance Model for Self-Help Groups Within the Framework of Dynamic Punctuated Equilibrium.
Chapter 5
	The Cashless Economy of India
Figure 1.	Vision of Digital India.
Figure 2.	Vision of Digital India.
Figure 3.	Benefits of e-Governance.
Figure 4.	Policy Ecosystem for Regulation of Digital Transactions.
Figure 5.	Total Digital Transactions in India.
Figure 6.	UPI Transactions in India.
Chapter 6
	Pradhan Mantri Jan Dhan Yojana
Figure 1.	Financial Systems.
Figure 2.	Inclusive Financial Systems.
Figure 3.	Priorities in Inclusive Finance.
Figure 4.	Challenges to the Inclusive Financial System.
Chapter 7
	Rehman and His Self-Help Promoting Institute Is Helping to Form Self-Help Groups
Chapter 8
	Mid-Day Meal Scheme – A Social Scheme
Figure 1.	Social Policy and Its Importance for Modernisation.
Figure 2.	Costs of Social Welfare.

Chapter 4
Table 1.	Use of PPI Instruments and Financial Inclusion.
Table 2.	Credit Card Usage and Financial Inclusion.
Table 3.	Debit Card Usage at ATM and POS.
Table 4.	Electronic Payment System.
Table 5.	Real-Time Gross Settlement.
Table 6.	Pradhan Mantri Jan Dhan Yojana Account.
Table 7.	Pradhan Mantri Jan Dhan Yojana.
Table 8.	Organisational Agility and Impact on Behavioural Dispositions.
Table 9.	Models of Punctuated Equilibrium.
Table 10.	Punctuated Equilibrium and Snow and Miles Typology for IS Alignment.
Table 11.	Organisational Agility Through IT Alignment Through the Theoretical Lens of the Dynamic Punctuated Equilibrium Model.
Chapter 5
Table 1.	Temporal Strategy – Description of Turn of Events in Digitisation.

List of Abbreviations

APES: Aadhaar Enabled Payment System
APMC: Agricultural Produce Market Committee
BHIM: Bharat Interface for Money
CBLO: Collateralized Borrowing and Lending Obligation
CMC: Computer Maintenance Corporation
CMIE: Centre for Monitoring Indian Economy
CPI: Consumer Price Index
CSC: Common Service Centres
DAY: Deendayal Antyodaya Yojana
FINTECH: Financial Technology
FPO: Follow on Public Offer
ICT: Information and Communications Technology
ILO: International Labour Organization
KYC: Know Your Customer
LPG: Liquefied Petroleum Gas
MFI: Microfinance Institution
MNREGA: Mahatma Gandhi National Rural Employment Guarantee Act
MYRADA: Mysore Resettlement and Development Agency
NABARD: National Bank for Agriculture and Rural Development
NACH: National Automated Clearing House
NEFT: National Electronic Funds Transfer
NFS: National Financial Switch
NHM: National Health Mission
NICS: National Institute for Career Service
NOFN: National Optical Fibre Network
NPCI: National Payments Corporation of India
NRLM: National Rural Livelihood Mission
PAC: Producer Agricultural Companies
RBI: Return on Investment
RBV: Resource Based View
ROI: Return on Investment
RUPAY: Rupee and Payment
SBLP: Self Help Group Bank Linkage Programme
SDG: Sustainable Development Goal
SEBI: Securities and Exchange Board of India
SHG: Self Help Group
SSDG: State Portal and State Service Delivery Gateway
SWAN: State Wide Area Network
TAM: Technology Acceptance Model
UID: Unique Identity Number
UN: United Nation
UNDP: United Nation Development Programme
VRIO: Value, Rarity, Imitability and Organization

About the Author

Dr. Nishi Malhotra has completed her PhD from Indian Institute of Management, Kozhikode in Finance, Accounting and Control in the domain of the Analysis of Self-help Group Bank Linkage programme. She has completed her MBA (full time) from MDI Gurgaon (Management Development Institute, Gurgaon) and BCOM (Hons) from Sri Ram College of Commerce, Delhi University. She has qualified for UGC NET in Commerce and has authored more than 16 research papers across various ABDC – B, and C category journals. She has also authored papers in the Journal of Human Values, Q1 and Scopus-listed journals. She is publishing a book with Emerald Publishing in the domain of Microfinance and published two academic reference books on income tax laws and cost accounting. She has been a topper throughout her school from Class II till Class XII.

Preface

This book talks about the issues developing economies face in achieving sustainable development goals of poverty reduction. Within the developmental paradigm of poverty reduction through microfinance, this book highlights the temporal shift in policy framework prescribed by the United Nations and World Bank to tackle the issue of poverty, with customisation for developing nations. This book highlights the uniqueness of the microfinance programme adopted by India in terms of the blend of democratic participation of the poor within the framework of self-reliance through the generation of profits. Various microfinancing initiatives aimed at promoting self-reliance through financial literacy, entrepreneurship, skill development and financial discipline enforced through monitoring and supervision are at the forefront of the success of these initiatives. This book, for the first time, discusses in detail the uniqueness of the innovative welfare schemes adopted by the Indian Government.

Acknowledgement

I dedicate this book to my parents; without their help, I would not have been able to publish this book. I want to thank the almighty for all the encouragement. Above all, I would like to thank the Government of India and the state of Kerala. Thanks to the Emerald Publishing team for making this possible. I am grateful for the outstanding support from Emerald. In particular, I would like to thank Lisa Goodrum – Commissioning Editor – Responsible Management.

Book Chapters

Prelims

Chapter 1 Poverty in Emerging Economies

Chapter 2 Social Capital as a Key to Sharing Prosperity

Chapter 3 Inclusive Financial System in India

Chapter 4 Digital Financial System

Chapter 5 Cashless Financial Systems

Chapter 6 Priority in Inclusive Finance

Chapter 7 Ensuring Justice and Human Rights

Chapter 8 Role of Government to Ensure Economic and Social Welfare

Index