Page 1 of 8
European Journal of Business &
Social Sciences
Available at https://ejbss.org/
ISSN: 2235-767X
Volume 07 Issue 01
January 2019
Available online: https://ejbss.org/ P a g e | 33
Situation of Micro Finance in Karnal District
(Haryana)
Mrs. Jasmeen Jodhka
Assistant professor of Commerce
KVA, DAV College for women, Karnal
Abstract
Haryana is additionally standout amongst most financially created locales in South
Asia and investigation of rural and assembling industry has encountered
maintained when something gets greater or creates since 1970s. Farming related
ventures have been foundation of neighborhood economy. small scale back area
has risen as rule from diligent work of Non-Government Organization (NGOs), and
as response to breakdown of open structure to convey variety. There are such
huge numbers of directs for microfinance benefits in nation to be specific, SHGs
(Self Help Group), Bank Linkage Channel (SBLC). All more as of late numerous
Non-Governmental Organization (NGOs), Community Based Organization (CBOs)
and Self Help Groups have continuous microfinance alleviation conspire
successfully in country territories. These associations rouse poor to interface
greatness gatherings, help to coordinate their assets, advances stores and change
system and numerous likewise manage cost of consideration free advance to
accumulation that goes about as set up help. Keeping in mind the above views
related to need of micro finance in Haryana the modest attempt made
in this study to analysis the situation of micro finance in karnal district (Haryana).
Page 2 of 8
European Journal of Business &
Social Sciences
Available at https://ejbss.org/
ISSN: 2235-767X
Volume 07 Issue 01
January 2019
Available online: https://ejbss.org/ P a g e | 34
Key words: SHGs, Micro finance, GDP, karnal district.
Introduction:
The economy of Haryana depends on assembling, business process redistributing,
agribusiness and retail. Monetary development of Haryana has been model since
its creation in 1966. State economy developed at amazing normal yearly
development rate of 8.8 % amid time of most recent 8 years (2005-06 to 2012-13),
higher than 8.0 % development rate of Indian economy. However, Haryana is
geologically little State representing just 1.3 % of aggregate territory of nation,
commitment of State in National GDP at steady (2004-05) costs has been recorded
as 3.4 % according to Quick Estimates (QE) of 2012-13. Development in GDP of
State amid 2012-13 according to Quick Estimates was recorded as 6.5 percent,
higher than development of 4.5 % recorded by Indian economy . Notwithstanding
later modern advancement, Haryana is essentially rural state. \
The Indian province of Haryana had, up to this point, been ideal specimen for MFI
achievement, however is presently focal point of microfinance catastrophe. This
emergency has been activated by blend of exceedingly fruitful posting of India's
biggest MFI, SKS Microfinance, which shone focus on size of benefits made by
such organizations nearby few instances of suicides among MFI borrowers. While it
has not been obviously settled that obligation or coercive MFI strategies set off
suicides, political kickback was extreme. With end goal to balance feedback
brought by restriction parties, Andhra state government hurriedly pushed through
enactment that viably injured MFI business in state.
Microfinance Program in Haryana
In Haryana, add up to country populace was 15868322. There are different
microfinance plans, for example, Sampoorna Gramin Rojgar Yojna (SGRY),
Integrated Rural Development Program (IRDP), District Rural Development Agency
Page 3 of 8
European Journal of Business &
Social Sciences
Available at https://ejbss.org/
ISSN: 2235-767X
Volume 07 Issue 01
January 2019
Available online: https://ejbss.org/ P a g e | 35
(DRDA), Mahatma Gandhi National Rural Employment Guarantee Scheme
(MGNREGS) and Non-Government Organizations (NGOs). In Haryana,
Microfinance is advanced under various projects/extends by different offices and
organizations, for example, Women and Child Development Department (WCDD)
has advanced Self Help Groups under Program for Advancement of Gender Equity
(PAGE) and Swayamsiddha; Japanese venture named as Aravali advancing by
Forest Department; Women's Awareness and Management Academy (WAMA) has
advanced Swashakti venture while Banks are advancing SHGs under NABARD's
SBLP; DRDA is advancing SHGs under Swarnjayanti Gram Swarozgar Yojana.
General Characteristics of District Karnal
Karnal is one of Historical District of Haryana. It is otherwise called city of
'Daanveer Karn'. Karnal locale was one of regions of Punjab state. It wound up
one of seven locale of Haryana state at season of its initiation on 1 November
1966. It is known everywhere throughout world for creation of rice, Wheat and
Milk. It is additionally known to horticulture inquire about establishments like
National Dairy Research organization (NDRI), Central Soil Salinity Research
Institute (CSSRI), AND Wheat Research Directorate, National Bureau of Animal
Genetics Resources, Sugarcane Breeding Institute and so on. aggregate region of
Karnal region is 2520 sq.km. Karnal, indri and Assandh are three sub-area of
region. It has five Tahsil Karnal, ssandh, Indri, Gharaunda and Nilokheri and three
sub-tehsil, i.e. Nissing, Ballah, Nigdhu. Karnal is additionally known for its rich
greenery.
Review of literature:
Nanda (2004) has concentrated on systematization of Micro Credit, challenges
looked by managing account foundations to achieve provincial poor, improvement
of small scale back and self improvement gatherings and advancement of SHGs
through SHG – Bank Linkage Program. He has presumed that higher wage and
business age in provincial regions is conceivable through execution of SHG
Strategy.
