A Study on Microfinance and Rural Development with the Initiative of Nationalized Bank Specially SBI in Assam

Variety of micro finance organizations in government as well non-government sectors exists India. Leading national financial institutions like, the National Bank for Agriculture and Rural Development (NABARD) Small Industries India (SIDBI) RashtriyaMahila Kosh (RMK) have played a significant role making credit real movement India.Most tend to operate within limited geographical area. There are few exceptions like Professional Assistance Action (PRADAN), International Centre Entrepreneurship Career (ICECD), Mysore Resettlement Agency (MYRADA), Self Employed Women’s Association (SEWA), which been successful replicating their experiences other parts country act resource organizations. Also, many involved with SHGs is not only providing credit, but purposes watershed, agriculture also. One most common practices approaches through self-Help Groups. The approach make main focal point channelize all members. Almost, funding (NABARD, RMK) Government organization advocate forming Self-Help Groups or linking credit.