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Microfinance and Small Business Financing in India
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Transcript of Microfinance and Small Business Financing in India
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Microfinance and Small Business Financing in India
P.V. ViswanathSpring 2012
FIN 680VFIN 360
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Course Focus
This course will look at microfinance and small business finance in India. Students will learn about the economics of microfinance, both the concepts and the practice of this revolutionary technique that has changed the life of many poor families in developing countries and which has earned its originator, Muhammad Yunus, a Nobel Prize.
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Topics
General Introduction– India – History and Culture– India – Economy
Financial Infrastructure– Banking System– Financial Markets– Non-banking finance companies
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Topics
Microfinance– Limits of free financial markets – Group Lending and other techniques– Savings and Insurance as part of microfinance– Gender and Microfinance– Regulation of Microfinance
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Microfinance Visits
One day seminar on microfinance in India at the Inst for Fin Mgmt and Research (IFMR) ChennaiKshetriya Gramin Financial Services (KGFS), a microfinance unit in Thanjavur district. Our group will be part of a hands-on two-day internship program.Video of KGFS, Puduaaru
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Small Enterprises and Education
Small businesses in Auroville, an global village that is connected with the Aurobindo Ashram Small businesses in Pondicherry Small/medium enterprises in ChennaiGreat Lakes Institute of Management (GLIM), an educational institution with a global mindset and local roots. Unique in requiring all students to study Chinese language and culture.
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Culture: Kancheepuram
Kancheepuram, dates from the 7th century with beautiful temples and a flourishing textile industry
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Culture: Thanjavur
Thanjavur, capital of the Chola kingdom in the 10th and 11th centuriesRice-bowl of India
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Culture: Chennai
originated in Fort St. George, a British settlement in the 17th century
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Culture: Pondicherry
Pondicherry – one of the last French colonies in India, being transferred to India only in 1954
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Culture: Auroville
Auroville, a model of group living and sustainability
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Course Structure
We will have online discussions based on texts throughout the term.In addition, we will have five in-class meetings:– February 2– February 9– February 23– March 1– March 29 – post trip debriefing and graduate student presentations
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Course Requirements
Participation in Online DiscussionsReport on a topic of choice (to be selected in consultation with instructor) and powerpoint presentation (for graduate students only)Brief write-up (about two pages) on the trip as a whole plus more focused descriptions of two specific visits, not in the same industry/area (two pages per visit).
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Summary
This travel course promises to be unique in many ways – – in covering an exciting area of modern finance, – in visiting a rural Indian locale to see the application of
these financial ideas directly, – in allowing students to participate personally in some
of these ventures and – in introducing students to a historic part of south India
that is not visited by many travellers to India.