This paper tries to investigate the effectiveness of two poverty alleviation policies adopted by Indian government;(i) microfinance programme under SwarnaJayanti Gram SwarojgarYojona Scheme (SGSY) and (ii) National Rural Employment Guarantee Scheme (NREGS) to improve the economic wellbeing of...

Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...

The government of India had initiated bank payments of wages under Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGP). This initiative is undoubtedly a big financial inclusion drive particularly among the rural poor of India. This paper has tried to evaluate this financial...

In this paper we consider that a representative of a not so affluent rural household has three options. He (she) may join in a microfinance system operating on the basis of individual liability credit contract, or on the basis of joint liability loan contract through forming self-help group or...

In this paper, microfinance program through joint liability credit contract is explained with the help of a two-stage game when the program is operated by a non-motivated NGO with the help of a commercial bank and government. It is observed that even in the presence of public-private cooperation...

This paper shows that the Government of India supported microfinance program under Swarnajayanti Grameen Swarojgari Yojana (SGSY) scheme is partially effective in reducing poverty of the rural households. Here, a few expansions in the National Rural Employment Guarantee scheme play the...