ROLE OF MICROFINANCE IN FINANCIAL INCLUSION PROJECT REPORT

Submitted to the University of Calicut in partial fulfillment of requirement for the award of the degree of

MASTER OF COMMERCE
BY NEETHU.M.G (Reg .No.SNAJMCMR05) Under the Guidance of Dr.SURESH.A Associate Professor

POST GRADUATE DEPARTMENT OF COMMERCE SREE NARAYANA COLLEGE, NATTIKA

Affiliated to University of Calicut & Accredited by NAAC with B+ Grade 2009-2011

DEPARTMENT OF COMMERCE SREE NARAYANA COLLEGE

Affiliated to University of Calicut Nattika , Thrissur-680566.

CERTIFICATE
This is to certify that the report entitled ROLE OF MICRO-FINANCE IN FINANCIAL INCLUSION is a bona- fide record of the work done by Miss. Neethu.M.G and submitted in partial fulfillment of the requirement for the award of the degree of Master of Commerce by Calicut University. This project report was completed under my supervision and guidance.

Dr.SURESH.A Associate Professor Post Graduate Department of Commerce S.N. College, Nattika

Place : Nattika Date :

CERTIFICATE

Certified that the nature of the project report entitled Role of micro-finance in financial inclusion carried out by Miss. Neethu.M.G. (Reg.No.SNAJMCMR 05) 4th Semester M.com student of Sree Narayana College , Nattika is such that it could not be attached with a specific institution and hence the certificate from the institution is not included in this report.

Dr.SURESH.A Associate Professor Post Graduate Department of Commerce S.N. College, Nattika

Place : Nattika Date :

DECLARATION

I, Neethu.M.G, hereby, declare that this report entitled ROLE OF MICRO-FINANCE IN FINANCIAL INCLUSION has been prepared by me under the guidance of Dr.Suresh.A Associate Professor, Post Graduate Department of Commerce, Sree Narayana College, Nattika.

NEETHU.M.G

Place : Nattika Date :

ACKNOWLEDGEMENT
I would start by praying the almighty for giving me the strength and support for completing this project. I express my heartfelt gratitude to Dr.SURESH.A, Associate Professor, Department of Commerce, Sree Narayana College,Nattika for his full support and inspiration. I acknowledge my deep indebtedness and gratitude to all my teachers and to Dr.RAJINI.K.M, Head of the Department of Commerce, Sree Narayana College, Nattika for the valuable advice and help. I express my special thanks to Secretary , all other staff members in Engandiyur Farmers Service Co-operative Bank and all members of micro-finance units for co-operating with me in my attempt for data collection. The last but not the least I am grateful to my friends and family for the support and co-operation that they gave me for completing the project work.

NEETHU.M.G Reg.No. SNAJMCMR 05 Place: Nattika Date :

CONTENTS
CHAPTER No: 1 2 3 4 5 6 7 DESCRIPTION Design of the Study Review of literature Engandiyur Farmers Service Co-operative Bank- A Profile Financial Inclusion- An Overview Role of Microfinance in Financial Inclusion Data Analysis and Interpretation Findings, Conclusions and Suggestions Bibliography Annexure PAGE No: 1-6 7-11 12-16 17-25 26-45 46-60 61-66 67 68-74

LIST OF TABLES
Table No: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Name of Tables Age group of respondents Distribution of members based on monthly income Distribution of members according to monthly expenditure Reasons for joining Micro-finance scheme Loan facility enjoyed by the members Distribution of members based on loan interest Respondents opinion about rate of interest Regular required monthly payment to society on loan Loan overdue Repayment details Savings of members in other than banks Insurance coverage among beneficiaries Type of insurance Satisfaction of members in meeting their financial requirement Respondents opinion about loan Page No: 47 48 49 50 51 52 53 54 55 56 57 57 58 59 60