Authors : V. Dileepa Student and Renee Namratha
Abstract: Microfinance plays a major role in terms Poverty allegations, women empowerment, development of economy and in many other aspects. But still in India microfinance have some challenges and issues with regards to their policies and procedures. Most of the Microfinance in India having less outreach compared to rural areas majority of the Microfinance institutions not operating much in the urban areas. A pilot study has been conducted before finalising the area of the study, based on pilot study the area of the study has been selected as Hassan Urban area. It has been observed that there are unethical practices followed by the Microfinance institutions in Hassan district while collecting loan recovery from clients. Along with this as per the 2014 millennium report Hassan urban district poverty is more as compare to rural areas. The data has been collected from primary and secondary source. The survey is carried out to identify the challenges of microfinance towards urban poverty with special reference to Hassan district. A structured questionnaire was framed to collect the data analysed using correlation, regression, reliability test and hypothesis. The study found that the outreach level of Microfinance in Hassan urban areas is very low as compare to Rural. But cost wise urban microfinance having the favourable impact. At presently in Hassan contribution of microfinance to reduce poverty is quiet good but there is need for improvement.
V. Dileepa Student and Renee Namratha, 2020. Challenges of Microfinance Towards Urban Poverty with Special Reference to Hassan District. Research Journal of Applied Sciences, 15: 49-56.