Financial Inclusion Through India Post

Dealing with risks such as health problems, loss of crops, loss of livestock, the death of a family member, loss of assets, income and employment is much harder by poor and low-income groups than others. Many poor households engage in activities which are smaller and bringing greater degree of risk and uncertainty and therefore likely scale financial risks and income. Every serious illness, every accident and every natural disaster threatens the existence of the poor and usually leads to more poverty. Thus the vicious cycle of poverty carries on.

One would expect a nation’s government to be responsible for providing programs, institutions and other forms of aid to the poor in an attempt to break this cycle and give everyone equal life prospects.

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 idea of self-sufficiency program is an indication of a substantially improved poverty issue. Other issues that cause poverty being addressed by the organizations are poor governance, corruption, human rights, environmental degradation and unemployment. Important to note is that the factors leading to poverty do not apply to all the persons and are characterized with inclination. In this case, it is the less powerful in society who are

In contrast to international organizations and NGOs commitment and cooperation to confront poverty in developing nations, much fewer initiatives are aimed at poverty in developed countries. One may argue that nations such as the US and Europe are expected to address these issues themselves. One may even contend that they should be able to handle them, after all

This essay will critically examine a poverty solution strategy put into place by an organisation called ActionAid International. It will discuss the frameworks the organisation has in place and the frameworks that they are planning to put into effect to better the strategy. This essay will also examine the funding that that the federation receives and their capacity to involve and include individuals struggling with poverty. The strengths and weaknesses of the ActionAid, international strategy will also be examined.

The World Bank’s initial aim was to help rebuild European countries destroyed by World War II. In the 1950s and 1960s, the focus shifted to large infrastructure projects such as dams and roads. In the 1970s, the Bank’s attention shifted to poverty eradication where efforts focused on urban development and food production. At this time the Bank began offering structural adjustment loans. In the 1980s, the Bank enlarged its focus to social development such as education and good governance. More recently, the Bank has seen many successes. In 2013, over 3,000 women in Ethiopia benefitted from a special line of credit for female entrepreneurs backed by the World Bank. In addition, a health sector support program in Cambodia financed 280 health centers, 12 non-communicable disease clinics, 15 maternity wards, and a pharmacy. The program led to health care coverage for three million people and a 27% increase in babies delivered by trained personnel. Lastly, the World Bank supported efforts in 2010 to deliver clean water to Beirut citizens. They funded a water infrastructure project that supplied water to over 350,000 low-income residents in the Southern Beirut suburbs. Despite its many successes over the years, development experts still question the effectiveness of the World Bank, which this paper will determine.

In this era of globalisation, large numbers of the world’s population still live in poverty. Since the alleviation of poverty stands out as the most important aim of development work, it is important to understand the relationship between poverty and development so we can have answers to questions like; what is poverty? How should poverty be measured? Who is considered poor and what measures can development take to reduce world poverty.

When discussing the issue of poverty and ‘the poor’, it is crucial to identify and explore the forces that lead to the social exclusion of the poor rather than focusing on the characteristics of these individuals. By focusing on these forces, it becomes easier to identify and explore possible ways to lessen poverty, empower the poor and alleviate social exclusion whereas focusing on the individual will not create a solution.

End poverty and economic opportunities of our times. Jeffrey D. Sachs. 2006. Press, London. . XVIII pp + 397 US $ 16.00, ISBN: 0-14- 303658-0, Paperback. In a controversial book of the same, when in the macro-analysis of the current global economic crisis of the circle of things, helps the policies of development economist Jeffrey Sachs has failed, to the International Monetary Fund and the World Bank in the Eastern bloc and the Third World. Based on numerous trips, counseling governments, and bad alike, from the use of, the author of compelling need, helps to alleviate the lack of major change consisted of the counsel of our God. However, unlike many who are in Asia and in Africa, the most irrational of all is to see the competition, an impressive Sachs offers solutions, which can be done in cases of practical help to a good life is to attain the Millennium Development Goals of reducing poverty. In general, the purpose of studies, and the history of its own in the historical perspective of poverty, Professor Sachs was enough to convince the reader of the country and the integrity of their own doctrine. But they sat idle. He knows the challenges faced by the poor in their families, the author of the ears of the poor of the earth, the places, it is not just as much of India, and Ethiopia, Malawi. About the same time, the leaders of the nations, and the other ministers argued in favor of Macroeconomic dares to challenge us to new questions, and about the solutions to help

The nature of poverty and strategies for its alleviation or elimination has been made; poverty may not be adequately defined because it is multifaceted phenomenon. One has to experience it personally. It is not only an expression of life condition also a state of mind perception of self in the complex web of social relation. The economist tends to view poverty, as a distance on a continuum towards zero purchasing power while it polar opposite affluence is a distance on the same continuum

The individuals from Grameen Bank are urged to plant trees, develop kitchen enclosures and assemble houses and clean restrooms, which are planned to address environmental concerns. The Grameen Bank has deliberately focused on women understanding that their support in social development is essential for financial development in light of the fact that women assume essential part in giving health, training and sustenance. The Bank's social development programs additionally incorporate exhaustive preparing program in maternal health, nourishment and youngster consideration (Rahman & Qiang, 2011). The social development programs likewise supplies tree seedlings and seeds for kitchen plants with a specific end goal to enhance both living conditions and the environment. Grameen Bank has been set up to sort out the provincial poor through a credit program with the goal that they can produce profitable independent work for themselves in exercises of their decision. Grameen Bank considers poverty not as the making of poor rather that of the framework which is comprised of the ideas, theoretical systems, approaches and foundations. On the off chance that we can change the framework, there would be no poverty. Grameen Bank thinks poor as proficient and venturesome as any other individual on the planet (Barua,

21. Banerjee Amalesh and Singh S.K. (2002), Banking and Financial Sector Reforms in India, Deep and Deep Publications Pvt. Ltd., New Delhi-p.265 (Report of K. Madahav Rao Committee (1979)

The World Bank, created after World War II by the superpowers, is supposed to be an anti-poverty bank. The idea behind it was to help people out of poverty, through projects, and give them an economic opportunity. The projects were mainly concentrated on less developed areas in developing countries, where the World Bank provides loans for capital programs. The World Bank Group states their mission as to end extreme poverty within a generation and boost shared prosperity. After 71 years today, more than 60% of the African population depend on land for subsistence (FAO, 2015), the most it has ever been. This puts into question why these world problems not only remain, but increase. Poverty is persisting around the globe, and African countries are among the lowest ranked in Gross Domestic Product per capita. Despite the mission of ending poverty, a new report showed the worldwide destructive legacy of World Bank projects (Prupis, 2015).

Because the rural poor are socially excluded, often development organisations such as the World Bank think of the poor are ignorant and complacent. More often they are not excluded from participating in projects in a meaningful way, due to pre existing biased views that they are not worthy, or indeed, have the skills to participate effectively. (Courtney et all in Godinot and Wodon (ed). 2006. 3).