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Job opportunities in Micro-finance- 5-Jan-2010
Everyday we see lot changes happening in the Indian financial sector. One such change is the Micro-finance.
Micro-finance, apart from providing an opportunity to carryout social work and develop the economic conditions of the poor, it also makes the life meaningful.
What is Micro- Finance?
Providing loans to economically poor families to carry out small-scale enterprises is
Micro-finance. These loans provided with a security, could be anywhere between Rs 500 to Rs 50,000. Persons who had obtained the loan should pay a very nominal interest and the principle within specific period of time. The repaid loans are again provided to other needy families and kept in circulation. In India, these activities are carried out through Micro -finance division of Nationalized and Private sector banks.
Families that obtain these loans invest in micro-enterprises, make a living out of it and improve the economic condition of the family.
How are the loans provided?
Micro-finance loans are by and large provided to woman. They carryout small-scale enterprises like pickling making, vegetable trading and candling making with the help of these loans. Currently, this industry, which is rapidly flourishing, offers several job opportunities.
What are the different jobs available?
Several field officers are required who facilitate to obtain these loans for the poor and needy. Apart from this 'trainers' are also required to guide and help the people execute the small-scale business enterprises.
There is a great requirement for professionals in this field. Apart from planning for the necessities, the Micro Finance Organization also takes effort to execute. Large number of micro-finance professionals are required to work in the micro-finance divisions of banks like HDFC, ICICI, ABN Amro and State Bank of India, and in micro-finance organizations like Bandhan Micro-finance, Share Micro-finance and SKS. Professionals of some leading organizations are also needed to work as consultant for these organizations.
Salary?
For those who join after completing plus two are likely to get Rs 5000/- per month.
Persons who join this industry after completing degree or MBA get between Rs
15,000/ to Rs20, 000/ per month, they have good chance of earning more than 1 lakh as monthly income in the future. Apart from this, it is also possible to get government grants like subsidized rice, living place.
What is the required qualification?
Degree is the basic requirement. However, those who have degree in social
sciences are given preference. Apart from this, youths who have completed plus two from the particular village are employed to carry out micro-finance activities at grass root level. Studies in Micro-finance and Rural development management are provided at IRMA, Anandhi, Gujarat; XIMA, Bhuvaneshwar, School of social work, New Delhi and Enterprises Development Institute, Ahmedabad. United Nations also provides an online course in this area.
In a situation where Indian economy is swiftly growing in the past few years, this industry is experiencing over 300 percent growth. This field is experiencing a very good growth, as there are several villages and an excellent growth in the Indian economy.
