Micro Finance in Nagaland

Although the social banking concept has been well conceived, yet several rural areas remained unbanked. It was during early 1980’s banks started their operation in rural areas through micro finance initiatives for financial inclusion. In Nagaland, micro finance is of recent origin. Micro Finance Schemes is one of the major initiatives affecting the rural people of the state. These schemes have been aiming at improving the income of the poor by extending credit. In fact, one issue germane to microfinance programme is how to improve the credit absorptive capacity of an area. This has not received due attention.This book gives a description of the pattern,progress and implications of micro finance in Nagaland and provides a window to the issues and challenges. Of late, it has been included in the curriculum of the Indian Universities. Being an emerging area it is now an important subject of study. The subject matter of micro Finance is inter disciplinary in nature. The book will be of immense utility not only to the research students but also to the policy makers as well. This book is the first of its kind in this part of the region, which