About MTA

Microfinance Training Academy – The Resource Catalyst.

For more information about MTA – please visit our main site – www.MicrofinanceTraining.com or call us on any of the following numbers:-

91-141-6503014

91-9251649014

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  • Dmbansal1

    hey......can anyone tell me abot the MTA....

    how can i get enroll into diz industry.......

    n what shld be qualication for join MTA

  • Kksrivastava

    Dear sir/madam,
     
    I am a Singaporean of Utter Pradesh (UP), India origin and to retire in Dec. 2011.  Upon retirement, I wish to live in a small town of Bundlekhand where I can do some social works among villagers there. 
     
    I am therefore interested in setting up a Microcredit unit my village in UP, India and wish to join your network in order to learn how to impart Financial Literacy to the villagers there.
     
    Kind reagrds.
    Kaushal

  • Cmakunje

    i have worked in microfinance industry for about 5 years now and i would want to up grade . How can enroll at your Academy ? how long does your courses take.

    Cydex

  • HMV

    Please let me know is there any course on Micro Finance at distance learning?

  • Tirtha Ratna Konajo

    I would like to know the activities and programs of MTA. I am working in Rural Microfinance Development Centre Ltd. Kathmandu Nepal. It is an apex level microfinance organization.

  • halamahgoub

    I would like to be a member

  • Brundaban Behera

    I read the MTA , I was one of the district coordinator cum trainer of Rayagada district in the project of mission shakti, let i want to know about the MTA and its objectives.

  • Paawillie

    Please how can l be enrolled in Microfinance Training Academy ?

  • tdhumble

    This training academy could develop the required human resources in microfinance sector thereby alleviating the poverty in India.Academy should be promoted by the social activists of India.

  • tdhumble

    Islamic Microfinance-----the way to Economic Empowerment

    Union Budget 09—10 is being called as Budget for Aam Adami, though it is meant for common man but practically it is not for Aam Musalmaan (common muslim) at least because the vast majority of the Muslim community is chronically poor and destitute and cannot avail the welfare schemes of the government meant for them in financial sector.

    As the follow-up actions of the Sachar Committee Report (SCR) the government instructed the commercial banks to open more branches in Minority Concentrated Districts (MCD). During the year 2007-08, 523 and in the year 2008-09 till December 31st ‘08, 329 new branches were opened in MCD. RBI also issued the circular to the commercial banks to extend 15% of loans to the minorities. As we all know the commercial banks are based on the minimization of risks and maximization of profits.

    Almost 75% of Muslims in the country don’t get benefit from the formal financial services extended by the government due to unable in providing the required collaterals against the borrowings and finding not any guarantor standing for them. This problem would be furthered because of the recent ruling of the Supreme Court.

    The Supreme Court has ruled that the principal debtor and the guarantor are equally liable to be proceeded at the same time against for recovery of a loan by the creditor.” The legal position is clear that liability of the guarantor and principal debtor are co-extensive and not in alternative’’ said a Bench of justices Dalveer Bhandari and H L Dattu.

    Present banking system serves no more than 40% of the population, excluding the vast majority to participate in the development process of the country. The exclusion also occurs due to the accumulation of financial resources in hands of 20% of the population which handles the formal financial institutions.

    The big challenge India is facing is the financial inclusion of a large segment of the population.
    This challenge could only be met through the proper application of microfinance. Microfinance in India today has reached out to almost 9 crore population (the population earning more than $2 a day which is minimum requirement to get benefit from MFI) growing at the rate of 41% in the year 2008 and 60% in 2009.Outstanding portfolio of Microfinance Institutes (MFIs) in India is Rs. 351 billion grown at the rate of 97% during current year as compared to 72% in the previous year. The data is collected through the 233 MFIs in India.

    The main point of departure of microfinance from mainstream finance is its alternative approach to collateral and becomes the powerful tool to fight poverty. Micro-finance is the only way to achieve 100% financial inclusion.
    Micro-finance movement in India can be traced back in 1992 when NABARD linked SHG with banks. The working definition of micro-finance is given by NABARD in 1998 which states: “Provision of thrift (saving), credit, and other financial services and products of very small amounts to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards.”

    Micro-finance provides financial services to poor and low income people whose low income standing excludes them from formal banking systems. It provides credit up to Rs.25000 to the poor people devoid of options and hard-pressed for cash otherwise they avail interest-bearing credit. That segment could be served with interest-free credit or Islamic microfinance. Now a day’s financial credit is treated as a human right. They need financial services to meet their life-cycle events such as birth, marriage, old age and in emergencies. In India 40% of Muslim population is unbankable. Actually Islamic microfinance is a confluence of Microfinance and Islamic banking.
    Out of 9 crore clients or customers of MFIs in India, 80% are women and 90% have Sc/ST and minority background.

    Microfinance was earlier a social experiment but now due to its rate of growth, 72% growth rate achieved by micro-credit---a part of microfinance in the year ended on march 31st 2008, it has now become a profit making sector for today’s money lenders. If it is made interest free to lesser the burden on borrowers and thus besides following Islamic system not only the rate of growth would be increased but also the poverty could be alleviated smoothly. The outreach of MFIs would also increase among the community which is devoid of the financial services of formal institutions.

    Micro-finance and Islamic-finance have some common features such as both works around well being of a society as a whole and share risk and believe that the poor should take part in developmental process. But the difference lies here when conventional microfinance providers charge rates of interest that are benchmarked against mainstream banking rates whereas Islamic finance is based on the Equity Finance. Islamic-finance promises greater stability than conventional micro-finance.

    Economic deprivation is one of the big problems of Muslims in India and the leaders have to search out the way to alleviate it. The charity based (Zakah & Sadaqa) solution to the challenge of poverty could not be sustainable because of its fluctuations and thus could not be the part of the careful planning and implementation, besides it is meant for the extremely poor. Whereas the benefits from Waqf assets are sustainable that is why SCR recommends the establishment of Waqf Development Corporation to manage it properly.
    The need of Islamic Microfinance is not only in India but all over the world because the 72% Muslims of the world don’t use formal financial services—credit, insurance, savings etc. due to interest or Riba in the system.

    The community itself has to draw the strategy of economic empowerment and look for the given opportunities for them. Poverty eradication in Islam is a cherished goal and micro-finance is the best way for Muslim organizations to practice it considering the economic condition of the community in India. Islamic Microfinance Institutes (IMI) should be established in every economically weak Muslim locality so that they could easily get financial services to meet their basic needs and develop a habit of saving which is quite absent from the culture of wage earners.

    Jamaat-e-Islami Hind under the project VISION 2016 has designed a strategy of establishing 500 units of IMIs all over India to alleviate poverty from the community gradually.

    The Islamic Microfinance for poverty alleviation is more inclusive than conventional Microfinance because it minimizes the dependency on charity and facilitates the benefits to flow to the poorest of poor and the destitute, which are not in a position to generate any income and wealth from the present day interest-ridden formal financial institutions.


    .
    Tameemuddin Humble,
    GAYA, BIHAR
    tdhumble@yahoo.com
    #09934023569

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