Published by: Sai Om Publications Sai Om Journal of Commerce & Management A Peer Reviewed International Journal TRAINING FOR STAFF IN MICRO FINANCE INSTITUTION FOR SUSTAINABILITY

Micro finance institution in India was started in the early1980s with the formation of formal & informal self help groups. This sector had been transformed in to a few such as non-government organization, non-banking finance company, cooperatives, postal savings bank, state owned development banks and most of them started as non-profit organization. SIDBI and NABARD are supplying financial resources to this sector. Today many NGOs are giving support and these factors strengthen micro finance sector in India. NGOs started MFOs which are rooted in the failure of banks to meet the needs of the poor. NGOs offer different kinds of support services like savings, risk management, credit, insurance etc. and minimize risk with group guarantees. In accordance with the transformation or growth in this MF sector, the state of the developing human resources (staff) through training is embryonic with respect to the needs and demands and changes in this sector. According to survey report on HR CHALLENGES AND SOLUTIONS IN MFI, April, 2008 issued by micro finance insights in India, people matters are most challenging in comparison to financial and technology matter. After recruitment, the training & capacity building figure out as a predominant factor in preventing turn over in MFI. Training is important for sustainability. Training consists of developing skills of the staff in MFI. The current study figure out the training programs offered by Management institutions, training centers etc. and discuss the need for training and finally conclude with suggested skills which are important for sustainability of MFI