Aspiration problems for the Indian rural poor
Research on self-help groups and micro-finance
Bibliographic Data
| ID | 3832098 |
|---|---|
| Authors | Jamie Morgan (0009-0001-3223-2127, University of Helsinki, corresponding author), Wendy Olsen (0000-0003-1440-5810, University of Manchester) |
| Year | 2011 |
| Volume | 35 |
| Issue | 2 |
| Pages | 189-212 |
| Publication date | 2011-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Capital & Class (JOURNAL) |
| Journal identifiers | ISSN: 0309-8168 • E-ISSN: 2041-0980 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0309816811402646 |
| OpenAlex | W2110682798 |
| Language | EN |
| Citations received | 9 |
| References cited | 30 |
Our paper explores how poor rural households in India are increasingly accumulating debt through micro-finance initiatives channelled through local self-help groups (SHGs). The aim of micro-finance and SHGs is to provide a cheap source of capital for investment in self-sustaining economic practices - typified by the Velugu programme. However, the reality of micro-finance has been more complicated. It has created a class- and caste-related debt-dependency and vulnerability whilst also channelling poor households, and women in particular, into subordinate areas of the economy, which ultimately serve to maintain fundamental inequalities in Indian society. The initiatives may, in addition, be viewed as aspects of broader processes of financialisation
Caste · Debt · Development economics · Economic growth · Economics · Geography · Inequality · Political science · Underdevelopment · Housing, Finance, and Neoliberalism · Law · Microfinance and Financial Inclusion · Urban and Rural Development Challenges · Finance
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| Unique citing works | 9 |
|---|---|
| Citations per year | 0,56 |
| Citation span | 2010 - 2023 (14) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 8 |