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Study on the role of microfinance on indebtedness in marine fisheries sector in Odisha

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Relation http://eprints.cmfri.org.in/10735/
http://mbai.org.in/php/journal.php
 
Title Study on the role of microfinance
on indebtedness in marine fisheries
sector in Odisha
 
Creator Vipinkumar, V P
Narayanakumar, R
Swathi Lekshmi, P S
Harshan, N K
Ambrose, T V
Athira, P V
 
Subject Fisheries Economics
 
Description The microfinance organizations and self help groups
mobilised in marine fisheries sector play vital role in reducing
the indebtedness among marine fisherfolk. The study makes
an attempt on the assessment of the extent of indebtedness
among marine fisherfolk in mechanized, motorized and
traditional fisheries sectors and the impact assessment of
Microfinance Institutions (MFI) on coastal indebtedness. The
study was carried out in four coastal districts of Odisha state.
Situational analysis was done through PLA in the selected
locations and the sample respondents were selected from
mechanized, motorized and traditional sectors. Data were
collected through personal interview from members of 12
selected MFIs and non members in these sectors comprising
a total of 600 respondents. The results showed that the level
of indebtedness of members of MFIs was less compared to
the non members. Even if the indebtedness was more in
certain cases, the repayment capacity was found to be
significantly improved in MFIs. There is an extreme necessity
for strengthening the MFI ventures in the traditional and
tertiary fisheries sectors in the state. A comparative assessment
of the sources of credit, purposes of credit and utilization
pattern of loans in the state also was undertaken to draw
valid conclusions. It was also found that the MFIs ranked
better in most of the major attributes in the perception of
stakeholders compared to banks and non-institutional credit
sources. Success cases of MFIs on entrepreneurial capacity
building, those significantly played the role in the debt
redemption and poverty alleviation were documented as a
practical manual for mobilizing MFIs in any key areas on a
sustainable basis.
 
Publisher MBAI, Cochin-14
 
Date 2015
 
Type Article
PeerReviewed
 
Format text
 
Language en
 
Identifier http://eprints.cmfri.org.in/10735/1/2.%20JMBAI%2057-2%20ART5.pdf
Vipinkumar, V P and Narayanakumar, R and Swathi Lekshmi, P S and Harshan, N K and Ambrose, T V and Athira, P V (2015) Study on the role of microfinance on indebtedness in marine fisheries sector in Odisha. Journal of the Marine Biological Association of India, 57 (2). pp. 32-36. ISSN 2321-7898