Case Study Of Bandhan

India was in a great shape up until the end of 19th century. When British arrived, the country was depleted of its wealth and

In both developing and emerging economies, microfinance has vastly and increasingly been seen as one of the most important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately, contrary to this widespread belief, critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief, they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it.

As the British took control of India, it found ways to make India better and with its help, soon enough, India was placed as the second best economy under the British economy (British 12). India’s economy and trade had improved tremendously after the British took over because there was more money coming into India to cause such a rise in its economy. The British also built railroads which created more ease when transporting goods and trading throughout India. The railroads allowed supplies and goods to be exported quickly, bringing it to the ports. Goods that would usually take months to be traded with others now only took a few days with the installment of railroads (Fisher 348). The railroads in India impacted everyone not just the merchants and businessmen in India. But, it was especially beneficial for them because now they could make deals and have goods be transported to them without a long wait. Nevertheless it seem to be that with these new installments India could run smoothly but eventually a problem came along the way. The British did not allow Indians to make their own goods, they banned homemade crafts and since most of India was out of work, the Indians turned to the fields. Work was hard and there were certain goods they needed like clothes so they had to buy it from the British since they could no longer make it themselves from the cotton they collected. Craftsmen became farmers to pay for goods and live a stable life (Bose 53). The British had wanted to get rid of the competition for goods so they decided they want to prevent the Indians from making their own goods. That way if the Indians needed something they can only get it from the British (Bose 53). This led to economic downfall for the Indians because while they were not doing great before the British came, their economy was pretty

The book, Microfinance and its Discontent: Women in Debt in Bangladesh written by Lamia Karim, gives us account on what causes a culture to be known as “economy of shame” status, such as in the case of Bangladesh. She writes on a subject that is a top list priority in the economical world these days, the corrupt ways NGO’s lenders do business not only in Bangladesh but across the world, however, she centralizes her views on Bangladesh and only a handful of NGO’s. Even though this was primarily a look at Bangladesh, it has resulted in capturing the attention of people across the globe not only with the NGO’s mention in the book but resulting in a closer look at all NGO’s and how they serve the people. Karim shares with the readers how the 1980’s nongovernmental organizations (NGOs) led in the way of microfinance institutions and claimed that they were providing women with an empowerment tool by issuing them loans. We find that over 80% of borrows are women and most are economically challenged already. With that being stated Karim also takes a look at how and why that is, she discusses the long term effects it is having on women and how it is furthering the exploitation of women in Bangladesh. She looked at how this type of exploitation has not only weakened further women’s economy in Bangladesh but has also strengthen the power NGO’s have over the people (mainly women) at the same time. It takes a look at this type of expansion and brands NGO’s use as a “shadow state

The British imperializing India sent India into a state of poverty. “The British had made India more helpless… politically and economically” (Gandhi). This is the voice of Gandhi, an Indian man, stating how the British made India “helpless”. One reason why India’s economy broke, is because the British ruined their cottage industry. “Before the British advent, India spun and wove in her millions of cottages… This cottage industry, so vital for India’s existence, has been ruined by the British. Little do the town dwellers know how the semi-starved masses of India are slowly sinking to lifelessness” (Gandhi). The quote explains that the one things going for India was their cottage

Many families in developing nations do not have sustainability in their lives. In her article, “Microfinance Empowering Female Entrepreneurs”, Elizabeth Matsangou writes, “starting and growing a business is virtually impossible without access to financial services.” Basically, Matsangou is saying that in order to start a business, you need help with the use of micro-loans. Further proving the point that micro-loans that empower women and women need these loans. Many women in developing countries start micro-enterprises to help raise money for their family. With this in mind, it is obvious to see what kind of positive impact micro-loans can have on women. Starting businesses are nearly impossible without the use of micro-loans, proving that they can help empower

This paper will talk about the impact of British colonial conquest on India’s economy while lightly touch on the pre-colonial economic conditions as well. Colonialism refers to a process of control and domination where one country dominates the other. It is the control on the social, economic, and political policies of the colony countries (Emerson, 1969). Many European countries starting colonising other nations in order to gain raw materials, wealth, power and to spread their mission of civilization. The British controlled parts of India first through company rule 1757-1858 and later through the British raj from 1858-1947.

For approximately 200 years, Great Britain had ruled over the Indian subcontinent. After Robert Clive’s forces won the Battle of Plassey, the East India Company had gained some power in 1757 (Ray). Before the period of British rule known as the Raj, India’s economy had been stable for some centuries. The Company had soon taken advantage of the strong framework in place, monopolizing industry and taking political control as well. India’s already large and growing population provided cheap labor for a subsistence economy installed within the nation that did not encourage industrial development. Because everything could be imported so cheaply from India without duty, India’s existing industries had no protection from British competition

India’s path to the modern world differed from that of most countries. They had a much harder time reaching the democratic positions of countries such as Britain and Japan for multiple reasons. These reasons included the traditional frame of mind which persisted into the 19th century, and to a degree still persists nowadays. Another difference between India’s path and Britain or Japan’s path to the modern world is the role imperialism has played in India’s economics and politics. The final aspect that separates India from Britain and Japan is the role that the peasants played in this transition. All of these aspects played a part in India’s road to the modern world, and each one plays a role in the type of modern society which India has today.

Women in developing countries are heavily empowered by micro-loans. These women normally aren’t able to provide income for their family because of a lack of education due to low funds. On top of that, husbands are considered the money makers of the family, while women are expected to stay home and tend to their house and children. But micro-loans change all of this, as it gives women the power to start their own businesses. In full, micro-loans are very influential, and can help with women that struggle, and assist them in making more money.

A key factor for Indian economic growth was the ability to trade with other countries. Throughout WW1, India was a flourishing empire in business and economics, and were able to bring in mass quantities of goods to support their country. However, due to their increased support and spending towards Britain, they began coming into more competition with Britain based goods. Before the war, India’s sole trading partners consisted of those in the Central Powers and they were able to obtain a surplus of 6.2 million dollars, but by the next year, they were in debt of almost 14 million dollars, which completely broke their economy down. Selling and making goods for trade also decreased and made millions out of work. Britain began restricting more laws on civil liberties which made the Indian people call for a strike and the man who led the strike was Mahatma Gandhi who urged Indians to leave British-run schools, boycott law courts, quit colonial jobs, and refuse to buy clothing. This strike created a sinister relationship with

Since the liberalization, privatization and globalization (L.P.G) in the early 1990’s the Indian economy has had a deep impact on its financial services sector, it is during this L.P.G era the reform’s in financial sector were initiated by the government of India to meet the challenges of complex financial architecture. This reform ensured that the new Indian financial system will forge out into a transparent, strong and resilient system. At present the Indian economy grew by 7.3 percent, a full year growth for the fiscal year ending in march based on the statistical method based of gross value added (GVA) keeping base year as 2011-2012 as against 2005.

Microfinance is grown to one of the biggest areas in fighting again poverty, it can be discussed, if microcredits are the best option to help people out of poverty. In the past it was almost impossible for the poor population of the world to get a loan with acceptable conditions. Banks would not lend to the poor, because the risk of losing the money was too high for them, which meant poor people in Africa had no chance of getting a loan from big banks. The so called “money lenders” would take advantage of this situation, and give the poor an opportunity to receive a loan. The “money lenders” were not trying to help the poor, they just wanted to earn money, thinking on their own personal benefit. That’s why their loans have insane conditions with interest payments of a couple hundred percent. If someone could not pay back the loan in time, they would take everything from the customers, and maybe even kill them. This was the only opportunity for poor people to get a loan until microfinance was born. Another problem is, that women have been excluded from the banking system in general in some regions of the world, because that was nothing women would do in their culture. In most cultures it was implemented, that women are staying at home, taking care of the house, children, and food. Men would go to work and earn the money for the family needed for the cost of living. It would also be more complicated for women to get a loan, because they traditionally work less than men, and

The colonization of India and the immense transfer of wealth that moved from the latter to Britain were vital to the success of the British Empire. In fact, the Viceroy of British India in 1894 called India “the pivot of our Empire …” I examine the effects of the Industrial Revolution on the subcontinent. Besides highlighting the fact that without cheap labor and raw materials from India, the modernization of Britain during this era would have been highly unlikely, I will show how colonial policy led to the privation and death of millions of natives. I conclude that while India undoubtedly benefited from British colonial rule, the negatives for the subject population far outweighed the positives.

placid activity. There were not many important financial decisions to be made for the simple