ZENITH International Journal of Business Economics & Management Research 

About: ZENITH International Journal of Business Economics & Management Research is an academic journal. The journal publishes majorly in the area(s): Agriculture & Private sector. It has an ISSN identifier of 2249-8826. Over the lifetime, 251 publications have been published receiving 677 citations.

Supply chain management: An overview

Abstract: Supply Chain Management (SCM) has gained momentum in the 21st century. The term “Supply Chain Management” entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton, used it in an interview for the Financial Times in 1982. It gained currency in the mid 1990. It is the management of goods and services as they flow from raw materials to the ultimate consumer. It spans all movement and storage of raw materials, work-in-progress inventory and finished goods from point -of-origin to point -of -consumption. It is also the process of planning, implementing and controlling the supply chain operations. It is an extension of logistics management. Needless to mention that the world is becoming more globalized. Globalization as well as liberalization has changed the business scenario all over the world. Advancement in information technology has reduced the national boundary concept. Business enterprises are now focusing attention on their supply chains. Supply chain means the linkage between suppliers, manufacturers and customers. To make SCM an effective one, careful attention needs to be given to some stages viz., Plan, Develop, Make, Deliver and Return. It creates net value, builds a competitive infrastructure, improves customer satisfaction, provides efficient manufacturing strategy and many more. This apart, it has some limitations too. In this backdrop, an attempt has been taken in this paper (a) to discuss about the conceptual understanding of Supply Chain Management, Supply Chain and Logistics; (b) to throw light on its importance, stages involved therein and level of activities; (c) to study the benefits and disadvantages of SCM; (d) to highlight the problems addressed by SCM and (e) to make concluding remarks.

Financial inclusion in India

Abstract: The banking industry has shown tremendous growth in volume and complexity during the last few decades. Despite making significant improvements in all the areas relating to financial viability, profitability and competitiveness, there are concerns that banks have not been able to include vast segment of the population, especially the underprivileged sections of the society, into the fold of basic banking services. The problem of financial exclusion is not exclusive to the developing world. The developed countries too have been affected by it and many poor and disadvantaged people in the world still lack access to financial services. However, the type, degree and magnitude differ between the two worlds. In developing countries like India both market and government as institutions have their limitations, but it is necessary to design government policies that are attentive to those limitations. Financial Inclusion is one such intervention that seeks to overcome the friction that hinders the functioning of the market mechanism and operate it in favour of the poor and underprivileged. This paper is an attempt to examine the present scenario of financial inclusion in India.

Small scale industry: An engine of growth

Abstract: The small scale sector in India has particularly emerged as a vibrant and dynamic segment of the economy. The strategy of economic development of any country that formulate programmes for removal of poverty by providing large scale employment, education and training, capital formation, effective mobilization of resources, balanced economic growth, expansion of trade, transport and equitable distribution of national income with effective involvement and participation of all its citizens in the accomplishment of the goal, cannot neglect small scale industrial sector(SSI).

Pradhan Mantri Jan Dhan Yojana (PMJDY): A new drive towards financial inclusion in India

Abstract: Financial inclusion has been a buzzword for the policymakers and governments for a long time. Attempts have been made by the policymakers and financial institutions to bring large sections of the rural population within the banking system having realized that financial inclusion is the essence of sustainable economic growth and development in a country like India. Inclusive growth becomes impossible without financial inclusion. Financial inclusion is also must for the economic development of the country. Without Financial Inclusion we cannot think of economic development because a large chunk of total population remains outside the growth process. Though our country's economy is growing at a one digit, still the growth is not inclusive with the economic condition of the people in rural areas worsening further. One of the typical reasons for poverty is being financially excluded. Though there are few people who are enjoying all kinds of services from savings to net banking, but still in our country around 40% of people lack access to even basic financial services like savings, credit and insurance facilities. India is the second only to China in the number of people excluded from financial facilities. Even after 68 years of independence, around ten crore households are not connected with banking.

Microfinance in India: Sectoral issues and challenges

Abstract: Poverty is one of the common obstacles in achieving higher growth and enhancing the standard of living of the people in most of the low income countries. About 1.4 billion population in developing countries is living less then US $ 1.25 a day according World Bank report. Over the years, most of the countries have been pursuing various policies and programmes to eradiate poverty. Among these measures and policies most effective policy is microfinance which, in last couple of years. Among these measures and policies most effective policy is microfinance which, in last couple of years, has been adopted by below income countries in a bid to obliterate poverty.