Coastal Rural Indebtedness and Impact of Microfinance in Marine Fisheries Sector
2013
The importance of the study in this regard was on the impact assessment of
microfinance on rural indebtedness in marine fisheries sector as well as to assess
the extent of indebtedness among marine fisherfolk in mechanized, motorized and
traditional sectors and the role of credit agencies in providing credit. The credit
utilization pattern of marine fisherfolk in availing the credit as well as repayment
behaviour also was studied so as to document the prospects and constraints in
marine fisheries credit sector. The marine production front with a total landing of
3.84 million tonnes is maintaining its economic vibrancy. The completion of the
Marine Census 2010 once again proves our competence in undertaking such
nationwide exercises. As this project was undertaken throughout the coastal belts
of the country covering four zones such as North East, North West, South East and
South West zones to assess extent of indebtedness among the members and nonmembers
of microfinance institutions, it gives a highlight on the impact of
microfinance on coastal indebtedness and success stories of MFIs on
entrepreneurial capacity building which significantly played the role in the debt
redemption and poverty alleviation.
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