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Alternative Capital Markets and Entrepreneurship

Capital markets, including stock markets and commodity markets, are generally accepted as key vehicles for wealth creation. The depth, width and impact of these markets in highly industrialized countries are quite different from those in the newly and rapidly industrializing countries. In India, tho...

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Bibliographic Details
Main Author: Upadhyay, Mayank
Format: Article
Language:English
Published: 2007
Subjects:
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100 |a Upadhyay, Mayank 
245 |a Alternative Capital Markets and Entrepreneurship  |c Upadhyay, Mayank. 
260 |c 2007 
520 |a Capital markets, including stock markets and commodity markets, are generally accepted as key vehicles for wealth creation. The depth, width and impact of these markets in highly industrialized countries are quite different from those in the newly and rapidly industrializing countries. In India, though the formal stock markets have mobilized a large chunk of capital and consequently generated substantial wealth, the number of people benefiting from the process is quite low even though the savings and capital generating ability of the people who are left out are quite high. Self Help Groups (SHGs) for savings and credit are increasingly becoming the building blocks for integrating low income people in India into the modern financial and banking systems. The terms of inclusion, however, in a way compel the SHGs and their members to fit into the existing financial systems, which are seen to be resulting in high transaction and intermediation costs and still not fully addressing the issue of user friendly access of capital to micro enterprises. The alternative options possible for integrating them into the modern financial systems on more equal and participatory and mutually... 
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650 |a Capital Markets 
650 |a Sustainable Entrepreneurship 
650 |a Microfinance 
650 |a Microenterprises 
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650 |a Entrepreneurshipip 
650 |a Seventh Biennial Conference On The New F 
650 |a Biennial Conference Papers 
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999 |c 43104  |d 43104