SWOT Analysis of Joint Liability Group
DOI:
https://doi.org/10.61841/st3bmv39Keywords:
JLG, SWOT, NABARD, Group Farming, SHGAbstract
“All for One and One for All. Based on this quote, when the people are grouped to form a team or union, definitely it makes them feel more powerful and strong as compared with on an individual level. In order to reduce poverty in India, the National Bank for Agriculture and Rural Development (NABARD) introduced a new concept that is called Joint Liability Group (JLG). This scheme helps the small farmers, such as sharecroppers and oral lessees, and also agricultural laborers, by providing institutional credit. The objective of this paper is to discuss the strengths, weaknesses, opportunities, and threats of JLG. The major strength of JLG is group farming, and the weakness of the JLG is that general awareness about JLG among stakeholders is absent. The major opportunities available for JLG is women's empowerment and threats will be faced by the JLG Lack of financial literacy amongst JLG members. It is concluded that bankers should take the necessary steps to create financial literacy among the JLG members. JLG members should make use of their strengths and opportunities in order to reduce and face their weaknesses and threats available outside of the group.
Downloads
References
[1] Nanda, M. K. (2016). SWOT Analysis of SKS Microfinance Limited. International Journal of Innovative Research and Development, 5(7).
[2] Sutrisno, A., Kwon, H.M., Gunawan, I., Eldridge, S., & Lee, T.R. (2016). Integrating SWOT analysis into the FMEA methodology to improve corrective action decision-making. International Journal of Productivity and Quality Management, 17(1), 104-126.
[3] Hill, T., & Westbrook, R. (1997). SWOT analysis: it's time for a product recall. Long range planning, 30(1), 46-52.
[4] Hay, G.J., & Castilla, G. (2006, July). Object-based image analysis: strengths, weaknesses, opportunities, and threats (SWOT). In Proc. 1st Int. Conf. OBIA (pp. 4-5).
[5] Che, Y.K. (2002). Joint liability and peer monitoring under group lending. Contributions in Theoretical Economics, 2(1).
[6] Chowdhury, P.R. (2005). Group lending: sequential financing, lender monitoring, and joint liability. Journal of Development Economics, 77(2), 415-439.
[7] Ghatak, M., & Guinnane, T.W. (1999). The economics of lending with joint liability: theory and practice. Journal of Development Economics, 60(1), 195-228.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 AUTHOR
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
