Paper
Self Reliant, Self Respect, Prosperity through SIDBI's Microfinance
Is the "Business Correspondent Model" effective in bringing microfinance into the mainstream?
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11 pages
This presentation discusses the implications and challenges of adopting the Small Industries Development Bank of India (SIDBI's) models of microfinance. The presentation:
- Outlines the role played by microfinance so far;
- Details the two new models - the Business Facilitator Model (BFM) and the Business Correspondent Model (BCM);
- Lists their eligibility criteria.
The presentation describes:
- Methods of developing a BCM;
- Role of MFIs;
- Challenges;
- Risk factors.
The presentation concludes by listing the following measures for risk mitigation:
- Lenders forums;
- System improvement;
- Corporate guarantee;
- Creation of a separate fund by MFI;
- Effective capacity building.
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