stdClass Object
(
    [id] => 15775
    [paper_index] => 202504-04-021281
    [title] => FINANCIAL INSTITUTIONS IN KARNATAKA: A BOON OR A BURDEN TO THE PUBLIC?
    [description] => 
    [author] => Dr.Siddaraju V.G
    [googlescholar] => 
    [doi] => https://doi.org/10.36713/epra21281
    [year] => 2025
    [month] => April
    [volume] => 13
    [issue] => 4
    [file] => fm/jpanel/upload/2025/April/202504-04-021281.pdf
    [abstract] => Microfinance Institutions (MFIs) have emerged as pivotal players in the landscape of financial inclusion by extending small-scale credit and related services to economically marginalized populations, particularly in rural India. Karnataka, being one of the leading states in the microfinance sector, has witnessed both the empowering potential and the adverse consequences of MFI-led financial practices. This review article critically examines the evolution, growth, and current functioning of MFIs in Karnataka. While microfinance has promoted entrepreneurship, women’s empowerment, and self-employment in many areas, concerns over high-interest rates, multiple borrowing, forced recovery practices, and lack of regulatory oversight have raised ethical and economic questions about its sustainability. The paper evaluates the dual narrative of MFIs being both a boon and a burden, highlights the role of government interventions, and suggests policy-level and grassroots-level recommendations for achieving inclusive and ethical microfinance. The article concludes by emphasizing the need for a balanced approach that preserves the developmental role of microfinance while mitigating its potential harms.
    [keywords] => MFIs, Financial Inclusion, Women Empowerment, Credit Accessibility, High-Interest Rates, Loan Recovery Practices, Multiple Borrowing, Sustainable Microfinance
    [doj] => 2025-04-28
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 20
    [journal_id] => 4
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Economic and Business Review(JEBR)
    [short_code] => IJES
    [eissn] => 2347-9671 (O), 2349-0187(P)
    [pissn] => 
    [home_page_wrapper] => images/products_image/12.JEBR.png
)
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