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SUCCESS AND SUSTAINABILITY OF UNORGANISED MONEY MARKETS IN THE STATE OF GOA

A. Anto Shaju Sathish

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ABSTRACT

 

As India is a vast country, the financial field is open to commercial banks, co-operative banks, rural  banks  and  other  financial  institutions.  There is  scope also  for  non-banking  financial intermediaries, hire purchase institutions, merchant banks, etc. At the same time, the country cannot afford to have what may be called inflationary conditions by unlimited and unrestricted lending, on the one hand, and institutions accepting deposits with little regards to their safety, on the other. The Reserve Bank of India, though the apex regulatory body of Banks in India may not be able to regulate the activities of all these institutions hence, the nationalized commercial banks have been left responsible to regulate the activities of the indigenous bankers whom they finance, the nationalized banks in turn being under the active surveillance of the RBI. Financial Inclusion has been a topic, stressed upon most by our honorable Prime Minister. The present research paper intends to analyse the Depositors and Borrowers perception with regards to Unorganised Money Market. For the purpose of study, the data will be collected from 157 selected rural  respondents,  which will be analysed  using  Regression. The present  research highlights the functioning of Unorganised Money Market in Rural Goa.

Key words: Unorganised Money Market, Functioning, Financial Inclusion, Indigenous Bankers, Rural Goa.