Beruflich Dokumente
Kultur Dokumente
Introduction.
1
History.
1
2
Problem Area.
1
Terms of References
Objective of study.
1
2
Methodology.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Data collection.
Duration of study.
Area of study.
Identification & selection of districts.
Preparation of schedule.
Method of analysis.
Result and Discussion.
Calculation of Installments.
Accounting procedure.
Repayment procedure.
Rate of Interest
Defaulter defined.
Recovery efforts.
Repayment of loan.
4
5
6
7
8
*
*
1 INTRODUCTION
The term rural development was understood in the part to mean only
agriculture development, and no attention was given to other sectors of rural economy.
Fortunately in the 7th plan this approach has been changed so as to accept the philosophy
of overall development of rural economy. Rural development is not merely agricultural
development but rural transformation, which includes development of all the facts of
human civilization. The new approach to rural development intends to cover all sectors in
rural areas to given new mould to the society through various measures. According to this
new approach rural development in concerned with modernization from traditional
solution to integration with the national economy.
More than three-forth of Indias population lives in the villages. This was the
reason, why Gandhiji laid the greatest emphasis on the development of villages in IndiaCulturally and said, If the villages perishes, India will perish too . Gandhiji gave life
long accent on rural development. Indias progress will remain marginal until the village
becomes the main repository of progress and power. Therefore, rural development has
been high on Indias agenda ever since the advent of independence.
As majority of population in India (about 73%) is living in rural areas. The
living condition of this rural people is very poor. Thus under such a situation, for the
development of rural areas, the All India Khadi with branches in all provinces had been
set up by Gandhiji in December, 1923. In 1925 with the formation of an autonomous
organization called All India Spinners Association (AISA) of Akhil Bharat Charkha
Sangh. AISA did commendable work in regards to propagation, production and sales of
khadi.
In the thirties, Gandhiji turned his attention to other village industries and the
result was the establishment in 1935 of mother organization with the name, All India
Village Industries Association (AIVIA). Khadi is the central sun around which the other
village industries revolve like so many planets. They have no independent existence nor
khadi can exist without other industries. AISA dealt with the revival of the extinct craft of
spinning and look upon itself the whole process of promotion, production, sales,
technological development and welfare of the rural artisans.
There is evidence to sow that Gandhiji was not entirely satisfied within the
progress of the organization and the manner in which the progress Khadi and Village
Industries were being developed, as if they were ends in themselves. Gandhiji wrote in
the Harijan dated June 20, 1946 as follow: Khadi (including Village Industries) in the
only economic proposition in terms of millions of villages until such time, if ever, when a
better system supplying work and adequate wages for every able bodied person above the
age of sixteen, male or female is found for his field, cottage or even factory in every one
of own villages or displace the villages so as to give the villagers the necessary comforts
and amenties that will regulated life demands and in entitled to.
Perhaps, the first move to make khadi a governmental programme was made in
1946 by the Government of Madras, which deputed a senior officer to obtain advice from
Gandhiji and setup a development of khadi soon thereafter. This was followed by the
Central Governments recognition of the importance of Rural Cottage Industries in the
Industrial Policy Resolution 1948. The Constituent Assembly also included development
of Cottage Industries in rural areas among the Directive Principles of the Constitution
Article 43 the ideas were elaborated in the First Five Year Plan, which began in 19511952.
According to the First Five Year Plan, Village Industries have a central place
in the rural development programme, and their development should be as much matter
of States concern as the increase in agriculture production.
During its short term, the All India Khadi & Village Industries Board Initiated
in 1954 some experiments in the integrated rural development on Servodya principles, in
respires to the call of the (Prime Minister), Nehru. The idea of the Prime Minister was to
try out a new approach through the Gandhian side by side with the Community
development approach to the village community.
It was soon found that the Board was suffering from several procedural
handicaps, particularly the lack of timely financial arrangement, it was, therefore decided
in1955 that the Board should be replaced by a statutory body. A bill was accordingly
introduced in parliaments proposing the established of a Commission with power
executive as well as administrative, for proper development of Khadi & Village
Industries. It also provided for All India Khadi & Village Industries Board functioning
as an advisory body, which advice the commission generally in the discharge of their
duties, with the passing of the above bill and the promulgation of Act No.LXI of 1956,
the Khadi & Village Industries Commission comes into being April 1957. Besides Khadi,
initially 10 village industries were in the schedule. Subsequently,16 industries were added
to the schedule, one in 1962, 10in 1965 and 1 each in 1978,1979 and 1984.
1.1 The thrust area of Haryana Khadi & Village Industries Board.
HISTORY
Haryana State Government established the Haryana Khadi & Village Industries
Board by issuing a notification on 01-02-1969 under section 3(1) of the Punjab Khadi &
Village Board. Haryana Khadi & Village Board is also a statutory body. Board is
operating through its direct office located at district Head Quarter. Their functions are to
establish and develop the industries covered under the preview of Khadi & Village
Industries Commission.
The main programme of Haryana Khadi & Village Industries Board is to
advance loan for the development of Khadi & Village Industries in the state. Since
inception to 1994-95 loan were granted on the basis of Khadi & Village Industries
Commission to Haryana Khadi & Village Industries Board at the rare of 4% per annum
for village industries and interest free loan was being granted to khadi. Since inception
of the board up to 1994-95, Rs. 4237 lakhs and Rs. 2222.22 lakhs grant have been
disbursed to 37510 units for setting units in the rural area in the state.
Disbursement of funds
Grants/Margin Money
Loan
2222.22
4237.00
321.07
1055.045
751.88
1865.30
845.23
1976.20
(Through banks)
2.2
are obtained.
The Board at present is implementing margin money schemes under REGP.
The KVIC has grouped village industries under the following severt for the
purpose of implementation of its programme.
Group-I
Group-II
Group-III
Group-IV
Group-VI
Textile industry.
Group-VII
Service industry.
Eligible Project.
The scheme is applicable to all new village industries projects set up in rural
area. Any extension or renovation of existing unit will not be eligible for the
facility.
ii)
Eligible Activities
All activities, which do not appear in the negative list circulated by KVIC, are
eligible for financing beneath the scheme.
[ Village Industry means any industry located in Rural Area, which produces
any goods or renders any service with or without the use of power and in which
fixed investment per head of artisan or a worker does not exceed Rs. 50,000/-]
iii)
Eligible Borrowers.
The eligible agencies under the scheme are:- Individual Co-operative Societies
and Trust and SHGs.
(Partnership firms, Private ltd., Companies, Joint Venture, Joint Borrowers, Coobligators or HUF are not eligible the scheme.)
iv)
v)
Rural Area.
Rural Area means:
a)
Any area classified as village as per the revenue records of the state/U.T.,
irrespective of population.
b)
vi)
Banks.
a)
b)
c)
d)
vii)
Sponsorship.
Sponsoring of projects by any agency is not mandatory. However, KVICs State
Regional Offices and State KVICs/DICs may sponsor the project, if approved.
viii)
ix)
Margin Money.
Up to Rs. 10.00Lakhs, 25% of the project cost will be provided by KVIC as
Margin Money. For project above 10.00 Lakhs and 25.00 Lakhs, rate of Margin
Money will be 25% of the project cost up to Rs.10.00 Lakhs plus 10% of the
remaining cost of the project.
In case of weaker section beneficiary viz SC/ST/OBC/Women/Physically
Handicapped/ Ex-servicemen and Minority Community beneficiary/ Institution
and Hill, Boarder and Tribal Area, North Eastern Region, Sikkim, Andaman
&Nicobar Island. Lakshdeep, Margin Money grant will at the rate of 30% of the
project cost up to Rs. 10.00 lakhs and above this amount up to Rs25.00 lakhs, it
will be 10% of the remaining cost of the project.
x)
Borrowers Contribution.
Under this scheme, the borrower is required to invest his own Contribution of
10% of the project cost. In case of SC/ST/OBC/Women/Physically
Handicapped/Ex-servicemen and Minority Community and weaker section
borrowers, the contribution will be 5% of the project cost.
xi)
Quantum of loan.
Banks will sanction 90% of the project cost in case general category borrower
and 95% of the project cost in case of weaker section beneficiary/ insitution and
disburse full amount full amount of the loan. Cost of land should not be included
in the project cost.
xii)
Repayment.
The repayment as per different banks schedule.
Sources of Funds.
Margin Money: - The Margin Money is proposed out of funds provided by
Govt. of India under SCA, through Khadi & Village Industries Commission.
Loan: - The entirely loan arrange from various banks against operating in the
state.
Rate of Interest: - The banks charge 12% on the loan advanced by them but it
may very from time to time as per prime lending rate and polices by RBI
announced.
Funding pattern: - Different amounts of loans are advanced depending upon
the requirement of the project cost.
PROBLEM
1. The Board is implementing various schemes for the welfare of the poorest people of
the rural area since its inception, but no significant steps were taken earlier to assess
the impact on the poor society and whether Board has been successful in achieving
its objects or not.
2. General information received about the Board and review of the literature received
from the Board initiated me to think over and go out the roots of doubts and certain
crucial question, which need to be investigated and answered in order to prove the
schemes of the context of its specific objects.
3. Whether the recorded beneficiaries are actually benefited and whether only
candidate are being selected based on the eligibility criteria laid down by the Board.
4. Whether the Board has been successful to providing the employment under the rural
industrialization.
5. Whether the schemes of the Board are able to leave the precipitating effected on the
beneficiaries.
6. These question are:
Whether the recorded beneficiaries are actually benefited and whether only right
candidate are being selected are being selected based on the eligibility criteria lay
down by the Board.
Whether the philosophy on which schemes of the Board was initiated is taken care
of in implementation?
Whether the Board has been successful in helping the poor of the rural areas.
Whether the schemes of the Board are able to leave the precipitating effect on the
beneficiaries?
In order to resolve the above question, the present study is conducted with the
following terms of reference:
4.1.1.1
OBJECTIVE OF STUDY
In order to get remedies for the aforesaid questions, the present study was under
taken with the following specified objectives.
1) To estimate funding pattern in accordance with terms and conditions thereof
2) To find out whether the beneficiaries have properly utilized the loan amount
and to find out the reasons for miss utilization of loan amount and to examine
the nature of diversions of loans from stipulated purpose.
3) To study the impact of various programme on its beneficiaries in terms of
income and employment.
4) To examine the repayment performance of loan in respect of repayment
schedule and to examine the extent of over dues and causes of amount over
dues thereof.
5) To assess the financial position of board.
To find out bottlenecks in the implementation of schemes and the reasons behind
them and to give suggestions for the improvement of various schemes and health of
the board.
4.1.2
effectiveness and impact of the scheme of the Board. There fore, this study may be
very useful for the Board and also to took a view and improve its functioning by
implementing the remedies which would be suggested in the study. Further, the
results obtained from the study will be useful to policy makers of the Board in
making proper use/allocation of its limited financial recourses and recognizing the
structure of the Board for achieving the objectives and mission of the Board.
4.1.3
This study may become a base for future research. This would be helpful to future
research scholar by giving them consolidated data about the Board at one place.
5 METHODOLOGY.
This chapter describes the analytical framework and the data employed in the
present study. The chapter id divided into two sections. The first section deals with
the type and nature of the data collected for the study, the second section deals with
the analytical framework used for the attainment of the objectives of the study.
5.1
DATA COLLECTION
This study is based on primary data and secondary data. The data were
obtained from the Head Office of the Board.
The data regarding individual beneficiaries were collected by personal
visits at the place of the loaners.
5.2
DURATION OF STUDY
The study is conducted on the beneficiaries of the loaning schemes
implemented since the inception of the Board i.e. 1969 to 2001-2002. the
main emphasis is given in the last decade.
5.3
AREA OF STUDY
The area of the study was the state of Harayana.
5.4
1.
Pattern Funding
10
10
10
30
2.
10
10
10
30
3.
10
10
30
30
30
90
Programme
Total
5.5
30
PREPRATION OF SCHEME
Two sets of questionnaires are developed to collect required information.
Departmental schedule: To collect information from district level & H.O.level
officials.
Beneficiaries schedule: To elicit information from beneficiaries schedule was
devised.
For the purpose, three districts are selected of the state viz Ambala,
Karnal and Hisar. In each district under scheme to beneficiaries are selected
on the random basis.
5.6
METHOD OF ANALYSIS
To achieve the above said objective simple statistical measures like
average and percentage are used for amount advanced, degree of utilization
amount over due and also for comparative study.
5.7
5.8
CALCULATION OF ISTALMENTS
Interest is calculation by reducing system of the principal amount over
number of installments.
5.9
REPAMENT PROCEDURE
The beneficiary is required to repay the calculated amount of principal and
interest is one installment by due date.
5.10
5.11
RATE OF INTEREST
The interest rates changed by the board are as under: o Under pattern finding scheme
5.12
b) V.I
4% P.A.
c) Khadi
Free of interest
Under CBC
DEFAULTERS DEFINED
A beneficiary not paying three installments continuously is considered a
defaulter by the board. He is issued notice for lump sum recovery i.e. to
deposit back the amount with interest becoming due.
5.13
RECOVERY EFFORTS
Although the beneficiaries is required to deposit the full amount of
principal and interest by due date, it is seldom done. The board officials have
to make repeated visits to the beneficiary for recovery of loan and he is issued
a notice for loan cum recovery. Special recovery campaigns are launched after
every Kharif and Rabi harvesting seasons.
5.14
REPAYMENT OF LOAN
There are three categories as far as repayment is concerned
Non-payee defaulters: - This type of beneficiaries has no refunded
even a single rupee after availing the loan.
Regular payees: - This category of beneficiaries are not paying full
amount of loan and interest of loan interest due are lagging behind the
prescribed schedule of loan repayment.
Defaulting payees: -These beneficiaries are paying their due amount
regularly and in some cases have exceeded the due amount. District
wise details of recovery position are indicated scheme wise for the year
2001-2002 in the following paragraphs.
6.
6.1
Sr.
Name
No.
of
Ambala
Karnal
Hisar
Total
No.
Amount
No.
Amount
No.
Amount
No.
Amount
Scheme
1.
Pattern
3570
378.15
4135
498.72
5160
597.58
12865
1474.45
2.
Funding
CBC
54
44.64
47
89.6865
68
150.34
16969
348.98
3.
REGP
58
140.58
46
127.35
63
158.79
167
429.72
District
Upto 0.50
Rs. 0.51 to
Above 5.00
Lacs
Rs.5.00
Lacs
Lacs
15(32.45%)
28(21.30%)
17(21.47%)
60(25.00%)
17(25.45%)
16(47.18%)
19(50.04%)
52(40.89%)
Ambala 28(42.10%)
Karnal
16(31.52%)
Hisar
24(28.49%)
68(34.04%)
Total
60
60
60
180
DISTRICTS
It is observed that 34.04% beneficiaries were advanced loan up to 0.50 lac which 25.07 %
beneficiaries got loan Rs. 5.00 lacs. It reveals that a significant no. of beneficiaries got
loan less than Rs. 0.50 lac. On analysis the scheme wise advancement, it was observed
that low advancement was because of the scheme was introduced by Central Govt. and
KVIC in 1996 and it was closed due to certain reasons on 31.3.2000. Although prescribed
limits are even quite higher side under these schemes, which didnt meet the financial
requirement of the projects initiated by the beneficiaries, which is quite insignificant no.
of beneficiaries.
6.3
District
Proper
Utilization
Total
Partial
Business
Misutilized Misutilized Failure Total
Ambala
50(83.33%) 5(8.33%)
2(3.33%)
3(5.00%)
60
Karnal
48(80.00%) 4(6.67%0
6(10.00%)
2(3.333%)
60
Hisar
51(85.00%) 4(6.67%)
3(3.33%0
2(3.333%)
60
149(82.77%) 13(6.99%)
11(16.66%0 7(3.88%)
180
60
50
PROPER
UTILIZATION
TOTAL
MISUTILIZED
PARTIAL
MISUTILIZED
BUSINESS
FAILURE
Series5
40
30
20
10
Series6
Series7
0
AMBALA KARNAL
DISTRICTS
Detail of Extent of Utilization.
HISAR
Series8
Series9
Series10
Series11
Series12
Series13
Series14
areas,the Central Government defines the rural areas Rural Area means
Rural Area.
Any area classified as village as per the revenue records of the State/U.T.,
irrespective of population.
It also include an area even if classified as town, provided its population
does not exceed 20,000( as per 1991 census)
Income before getting loan
table
District
Rs. 6400
Rs. 6401 to
Rs. 7500
Above Rs.
10000
Ambala
45(75.00%)
10(16.67%)
5(8.33%)
60
42(70.00%)
12(20.00%)
6(10.00%)
60
of
47(78.33%)
8(13.33%)
5(8.33%)
60
beneficiaries
134(74.45%)
30(16.66%)
16(8.89%)
180
getting loan
income Karnal
Hisar
before
Total
The
above
reveals that
the
was nor more than (Rs.10000/-). Income up to Rs. 6400/- represents largest portion
(47.45%) and income above Rs. 7500/- represents lowest portion (8.89%). Income up to
Rs. 6400/- was highest in Hisar (78.33%) and lowest in Karnal (70.00%). Income
between Rs. 6400/- to Rs. 7500/- is highest in Ambala (33.33%). Income above Rs.
7500/- was highest in Hisar (71.67%) comartively Ambala and Karnal (53.00%),
(58.33%) resp.
District
Rs. 6400
Rs. 6401 to
Rs. 7500
Above Rs.
10000
Ambala
45(75.00%)
10(16.67%)
5(8.33%)
60
Karnal
42(70.00%)
12(20.00%)
6(10.00%)
60
Hisar
47(78.33%)
8(13.33%)
5(8.33%)
60
134(74.45%)
30(16.66%)
16(8.89%)
180
Total
50
45
40
35
Rs. 6400
30
Rs. 6401 to
Rs. 7500
Above Rs.
10000
Series4
25
20
15
10
Series5
Series6
0
AMBALA
KARNAL
DISTRICTS
HISAR
Series7
Series8
Series9
Series10
Series11
6.6 The position of income exclusively from the created with the loan
amount.
District
Up to Rs.
5000
Nil
Above Rs.
5000
Total
Ambala
19(31.67%)
22.(36.67%) 19(31.67%)
60
Karnal
13(21.67%)
36(60.00%) 11(18.33%)
60
Hisar
15(25.00%)
27(45.00%) 18(30.00%)
60
47(26.11%)
85(47.20%) 48(26.67%)
180
40
35
30
25
Nil
Upto Rs. 5000
Above Rs. 5000
Series4
Series5
Series6
Series7
Series8
Series9
Series10
Series11
20
15
10
5
0
AMBALA
KARNAL
DISTRICTS
HISAR
District
Nil
Ambala
4(6.67)
Karnal
3(5.00)
60
Hisar
2(3.33)
60
9(5.00)
180
Total
6(10.00)
60
30
25
Nil
20
Up to Rs. 2000
15
10
5
Series6
Series7
AMBALA
KARNAL
DISTRICTS
HISAR
Series8
Series9
Series10
Series11
Series12
There should be more emphasis on quality meaning there by the targets should be
realistic
In addition to the problems faced by the beneficiaries, the board is also facing some
problems, which are discussed below.
Rural employment generation programme (REGP) scheme is implemented
through banks. Banks provides loan portion under this scheme. The Board searches
the entrepreneurs and guides them to set up their units in rural are as under Rural
Employment Generation Programme. Board is providing Margin Money 25% or 30
% of the total project cost to Banks. After scrutinize the proposal the Board has issued
Entitlement Certificate to Banks regarding providing the Margin money under this
scheme. However, the some banks were not finalized the proposals during the
financial year. Some proposals were lying pending with them. Board calls the meeting
of the bankers to review the performance of the financial proposals time to time.
Less budget provision made by the State Government to meeting the actual
establishment expenditure of the Board. While finalizing annual planes by the Govt.
the budget provision made for Board are much less in comparison to the
actual
expenditure of the board. Board is facing a great financial problem now days. Board
for generating own source of income has stated consignment agencies work at
Faridabad, Hisar and Chandigarh.
Margin Money amount received from the khadi &village industries Commission. The
margin money amount has not received timely from the commission. Due to nonavailability of funds, the board is not in the position the to release margin money to
the beneficiaries due to this reason they are bearing loss. The bank will not pay
interest on the amount of the fixed deposit and not charge interest in the same amount
of the loan. If the margin money received late the beneficiaries liable to pay the
interest on it.
Demand
64.61
82.34
65.31
Recovery
26.66
55.69
27.38
Percentage
41.33
67.37
41.92
The above table indicates that recovery position of the entire scheme was
highest in Karnal 67.37 percentage in comparison to Hisar 41.92 percentage and
Ambala 41.33 percentage. Recovery position was lowest in Ambala 41.33 percentage
in comparison of sample beneficiary and actual recovery position of the board. It was
observed that overall position was not good. To improve the recovery position was
not good. To improve the recovery position has taken various steps, which are
explained, in the following steps. Steps taken by the board to improve the recovery
position as under:
1. All the beneficiaries are provided a recovery schedule at the time of disbursement
of loan. These facilities the beneficiaries to repay the loan amount in loan.
2. It has been decided to launch the two special recoveries. Comparison May, June
and during November and December every year. During the period, the new crops
arrive in the state and sufficient funds are available with the beneficiaries. They
are in position to repay the loan amount.
3. All the district officers have been asked to ensure the hypothecation of assets
(building & machinery), which was created from the loan of the board.
4. After disbursement of loan, the District Khadi & village Industries Officers are
asked to check the utilization of loan with in three months. In this way, the loaner
utilizes the loan amount properly and they earn handsome profit and repay the
installment.
5. List of defaulters with their over dues are required from the districts periodically.
6. Annual target old current recovery is fixed and progress in reviewed in each
month.
7. The district officer issues recovery notices to all defaulters beneficiaries with a
copy to Chief Executive of the Board.
8. If the loaner is not make the payment of the overdue amount including interest
after issuing final recovery notice, the district officer are referred the case to the
District Collector to recovered the dues under land revenue Act.
6.C.1. Recovery position from 1996-1997 to 2001-2002.
Pattern Funding Scheme.
Year
Total
Total
Percentage
1996-97
1997-98
1998-99
1999-2000
2000-01
2001-02
Total
dues
745.78
642.43
534.95
509.56
485.37
578.11
2918.09
Recovery
377.81
288.02
253.61
205.61
205.35
191.52
1390.39
32.96
48.96
47.40
40.35
42.23
33.12
45.59
The above table reveals that the recovery position 1996-97 to 2001-2002. In
1996-97, total overdue of loan amount was Rs. 2918.09 lacs and recovery was Rs.
1390.39. The overall position of the recovery was not satisfactory.
Total dues
69.38
173.46
223.93
278.59
309.54
1054.90
Total Recovery
55.82
118.45
141.83
211.43
191.52
719.05
Percentage
8.44
68.29
63.33
75.89
61.87
68.16
The above table shown that the over all recovery position under CBC of the
Board was 68.16 %. As per the condition of the scheme the 100% repayment of the
due amount made by the Board to the Khadi & Village Industries Commission on due
date. However, Board recovered only 68016% from the Beneficiaries. Remaining
31.84% dues repayment was made by the Board to KVIC from own funds. Due to
this reason, this scheme was closed by the Central Government in 2000. Board is
trying to recover the over due amount from the Beneficiaries.
6.C.3. Financial position of the Board.
The detail of financial position is as under:
State Government is providing Grant-in-Aid for meeting the
establishment expenditure of Haryana Khadi & Village Industries Board, but during
the last six years adequate funds not provided by the state Government Board has
spent Rs. 592.07 Lakhs over and above the budget provided by the State Government
for meeting establishment expenditure up to 31.3.2002.
The study pertains to evaluation of loan schemes of the Harayana Khadi &
Village Industries Board. It is manly intended to examine the overall impact of the
schemes on the beneficiaries.
1.
Terms of reference
To what extent the criteria of the scheme wee followed in identification
selection of the prospective benefi9ciaries.
To ascertain the socio-economic profile of the beneficiaries getting the
loans.
Changes in the occupation as well as income level of beneficiaries.
Problems faced by the beneficiaries in getting the loans.
To assess recovery performance of the sanctioned loan.
The Board was set up the State Government of Haryana in 1969.
The Central government started allocation of budget in 1956.
2.
3.
Objective of study
To find out whether beneficiaries have properly utilized the loan the
amount or they have misutilized.
To find the impact of programme.
Methodology
Type of data
The study was based on primary data and secondary data
Preparation of schedule
5.
Findings
The main findings of the study are as follow:
34.04% beneficiaries were advanced loan up to Rs. .50 lakh while
25.07%beneficiaries got loan more than Rs. 5.00 lakhs.
82.77% beneficiaries utilized the loan properly and only 6.99%
beneficiaries misutilized the loan amount 16.66% beneficiaries misutilized
amount partially.
A) Income up to Rs. 6400/- before getting the loan represents lowest
portion 74.45% and income above Rs. 10000/- represent lowest portion
8.89%. 16.66% represents between Rs. 6401/- to 7500/-.
B) Income above Rs. 7500/- represents larges portion 61.11% after getting
loan. The lowest portion was of income up to Rs.6400/- 10%.
Total funds of the Board were Rs. 4217.57 lakhs and 2222.22 lakhs grant
received from the budgetary source since inception.
A)
B)
8. CONCLUSIONS:
Thus, on the bases if above findings following conclusion may be drawn from
the present study.
1) The board do not advances sufficient loan to beneficiaries. Therefore, they
go to private moneylender for meeting their requirement, which leads
them to in vicious cycle of debt trap.
2) Lack of proper verification of the beneficiaries before giving loan and
physical verification of assets after giving loan. To improve the success
rate, it should be made mandatory that district officer of the Board should
visit the beneficiaries frequently.
3) Due to lack of publicity, the mediators who exploit them therefore trap
beneficiaries; there should be more publicity of the schemes.
4) Political interference in the selection of beneficiaries deteriorate the
quality of the cases, which affect the recovery therefore, it should be
minimized.
5) Another reason for misutilization is high family expenditure that is why
beneficiaries utilize the loan amount for unproductive purpose, which
leads to non-repayment of loan amount.
6) Increase income is not only due to the benefits of loan but also due to
other factor like inflation, wages rate and employment of other member of
the family.
7) Recovery position of the board is not poor, but it should be improve.
8) State govt. should provide adequate funds to meet out the actual expenses
of the board.
BIBLIOGRAPHY
Preview Report