An attempt is made to review the Maharashtra Rural Credit Project (MRCP)--a microcredit scheme--by focusing on the process of implementation and its implications for targeting, empowerment of women, and trade-off between coverage of the poorest and sustainability of this scheme. Attention is drawn to deficiencies in the design and implementation of this scheme that limit the participation of the poorest and the benefits accruing to them. Moreover, it is argued that there is a risk of overstating the trade-off between the coverage of the poorest and sustainability of the MRCP if these deficiencies are overlooked.
Raghav Gaiha is Professor of Public Policy, Faculty of Management Studies, at University of Delhi, India.
Journal of Microfinance
Issue and Volume
BYU ScholarsArchive Citation
"Microcredit and the Rural Poor: A Review of the Maharashtra Rural Credit Project,"
Journal of Microfinance / ESR Review: Vol. 3
, Article 8.
Available at: http://scholarsarchive.byu.edu/esr/vol3/iss2/8