Micro Finance is the provision of a broad range of financial services such as deposits, loans, payment services, money transfers and insurance to poor and low-income households and their micro enterprises. The poor need a diverse range of financial instruments to be able to build assets, stabilize consumption and protect themselves against risks. It is achieved through investing money received through micro finance with or without the help of NGOs in business depending upon their capacity and capability. Investment in business is expected to provide consistent financial support to the poor through the return from such investment. Micro finance is provided only to those who come into groups (Self Help Groups).. Government organizations like NABARD, SIDBI and RMK play greater role in providing micro finance and livelihood finance. It is expected that micro finance can help the poor to increase income, build viable businesses, and reduce their vulnerability to external shocks. Researches and studies show that there is need for deepening / new product / different model for micro finance as the existing level has not helped them sufficiently to come out of poverty.
Conferences helped the participants to understand the role played by Micro Finance in poverty eradication and evaluated the performances over the period. Two Edited volumes of ninety selected papers were published. Report with resolutions was sent to various agencies including planning commission, Reserve Bank of India and Ministry of Finance, Government of India for the policy direction. Field visit to self help groups, SHG’s product expo were the added features of the conferences.
1. Inclusive Growth and Micro Finance
2. Deepening Micro Finance
3. Social Performance Measurement/Social Empowerment and impact assessment on micro finance initiative
4. Poverty Measurement Tools
5. New Products and Market Segments in Micro Finance
6. Micro Finance Regulation
7. Capacity Building and Commitment Building of all players of micro finance industry
8. Integration of all players of Micro finance Industry
9. Media Campaign for Rural Development
10. Financial Risk on the Micro Finance Sector
The topics are not restricted to the above but you are welcome to submit research paper on any other areas of micro finance which may be of results from research or theoretical derivations.
· To provide a forum of economists and socialists to address the issues relating to micro finance.
· To evolve strategies to eradicate poverty in India and at Globe
· To collaborate with National and International Research centers on Micro Finance.
· To take education to the field and to promote people’s participation in eradicating the poverty through micro finance.
· To involve the administrators, policy makers, NGO’s and the public concerned in the adoption of sound policies, this would create economically stable and financially healthy India.
· To make Pondicherry University as a centre of World Forum for Micro Finance.
Dates to Remember
· Last date for submission of research papers: December 14, 2009
· Intimation of paper acceptance: December 20, 2009