STUDY OF HUMAN RESOURCE MANAGEMENT IN MICROFINANCE INSTITUTIONS WITH SPECIAL REFERENCE TO MAHARASHTRA STATE
STUDY OF HUMAN RESOURCE MANAGEMENT IN MICROFINANCE INSTITUTIONS WITH SPECIAL REFERENCE TO MAHARASHTRA STATE ( 2012- 2017) Surendra S Jogi Asst. Professor Madhukarrao Pandav College of Engg. Bhilewada, Bhandara Dr. Mukul A. Burghate Head and Associate professor Dr.Panjabrao Deshmukh Inst. of Management, Technology and Research Abstract Formulation of Problem Some MFIs such as Equitas, Ujjivan, Janalakshami and others have set up strong HR systems and practices over time; however other MFIs still need to invest in this area. Post the crisis, due to the RBI’s guidelines for NBFC‐MFIs to comply with (particularly the stipulated margin cap), MFIs are further constrained to reduce costs with obvious implications on costs of hiring, training and retaining human resources. Hence, a study on current human resource practices in MFIs in India, to document best practices that can enable replication, identify gaps, highlight challenges and provide recommendations on areas that need MFI as well as s