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FIN 680V FIN 360. Microfinance and Small Business Financing in India. P.V. Viswanath Spring 2012. Course Focus. This course will look at microfinance and small business finance in India.
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FIN 680VFIN 360 Microfinance and Small Business Financing in India P.V. Viswanath Spring 2012
Course Focus • This course will look at microfinance and small business finance in India. • Students will learn about the economics of microfinance, both the concepts and the practice of this revolutionary technique that has changed the life of many poor families in developing countries and which has earned its originator, Muhammad Yunus, a Nobel Prize.
Topics • General Introduction • India – History and Culture • India – Economy • Financial Infrastructure • Banking System • Financial Markets • Non-banking finance companies
Topics • Microfinance • Limits of free financial markets • Group Lending and other techniques • Savings and Insurance as part of microfinance • Gender and Microfinance • Regulation of Microfinance
Microfinance Visits • One day seminar on microfinance in India at the Inst for Fin Mgmt and Research (IFMR) Chennai • Kshetriya Gramin Financial Services (KGFS), a microfinance unit in Thanjavur district. Our group will be part of a hands-on two-day internship program. • Video of KGFS, Puduaaru
Small Enterprises and Education • Small businesses in Auroville, an global village that is connected with the Aurobindo Ashram • Small businesses in Pondicherry • Small/medium enterprises in Chennai • Great Lakes Institute of Management (GLIM), an educational institution with a global mindset and local roots. Unique in requiring all students to study Chinese language and culture.
Culture: Kancheepuram • Kancheepuram, dates from the 7th century with beautiful temples and a flourishing textile industry
Culture: Thanjavur • Thanjavur, capital of the Chola kingdom in the 10th and 11th centuries • Rice-bowl of India
Culture: Chennai • originated in Fort St. George, a British settlement in the 17th century
Culture: Pondicherry • Pondicherry – one of the last French colonies in India, being transferred to India only in 1954
Culture: Auroville • Auroville, a model of group living and sustainability
Course Structure • We will have online discussions based on texts throughout the term. • In addition, we will have five in-class meetings: • February 2 • February 9 • February 23 • March 1 • March 29 – post trip debriefing and graduate student presentations
Course Requirements • Participation in Online Discussions • Report on a topic of choice (to be selected in consultation with instructor) and powerpoint presentation (for graduate students only) • Brief write-up (about two pages) on the trip as a whole plus more focused descriptions of two specific visits, not in the same industry/area (two pages per visit).
Summary • This travel course promises to be unique in many ways – • in covering an exciting area of modern finance, • in visiting a rural Indian locale to see the application of these financial ideas directly, • in allowing students to participate personally in some of these ventures and • in introducing students to a historic part of south India that is not visited by many travellers to India.