EXICUITIVE SUMMARY MUTHOOT FINANCE GOLD LOAN The Muthoot Group (TMG) has a huge holding of gold in the private sector, but they feel that it is still a very small percentage. They have about 65 tons of gold in custody and expect that more could be put to productive purpose if the awareness and benefits of Gold loan is spread.
Muthoot Smart Plus Gold Loan They have been actively involved in campaigns to spread message regarding the financial potential of gold holdings with individual consumers in India. -There is traditional perception that to avail of a gold loan is a desperate measure. The truth is quite the contrary, and by availing of a gold loan, one can change the profile of gold holdings from an idle asset to a productive asset-, says TMG managing director George Alexander Muthoot. Their efforts show the house-wives what the family’s gold holdings can achieve for their husband’s business. The group’s recently-launched gold loans at an interest rate of 1% a month offered had been well received in the market, prompting even those who had not previously considered taking a gold loan to avail of the scheme. Muthoot said many also realized how gold loans could work out cheaper than personal loans and loans on credit card accounts.
What is Gold Loan? To start with let us define the term gold loan. It is nothing but a loan which one can take from someone against gold. This gold can be in the form of bars or in the form of coins or in the form of jewelry. Just imagine a scenario where you have enough gold jewelry stored in your house and you are looking for some quick money. So, what can you do in that scenario? Will selling the gold off be a good idea? The answer is a big -no’. In this scenario, one can go for gold loans. You can borrow some money from a person keeping the gold jewelry with him and when you have enough money in your own hand, you can take back the jewelry after paying back the loan to the person. This way, you will neither lose the jewelry nor be suffering from the problem of the need of instant money. Gold Loan Is For Whom – The Kings or Beggars? We always have a perception that gold symbolizes prosperity and loan is for the poor. So, how can these two words -gold’ and -loan’ come side by side to form a phrase gold loan? If you think you are someone who has no or little idea about the answer to the asked question, then you must read on this article to have a good idea about gold loan. Why to options for Gold Loan? Now that you know how to get a gold loan, you must spend some time knowing why it’s a good bet to opt for gold loans. Firstly, gold loans are one of the most secured loans. Secondly, one can use the loan taken against gold to fulfill any purpose. So, he or she does not get constrained by the purpose of the loan in this case. As far as the interest rate is concerned, the banks are charging an interest of twelve and a half percent annually while the non-banking organizations are charging at a rate of around two percent monthly. These rates are at par with the rates involved with the other types of loans. So, gold loans are good in this aspect as well. Research Objective Identify and understand where service gaps exist gold loan. Priorities those gaps in terms of relates to impact on Women’s towards gold loan. Identify the reasons for the existence of those gaps develop a programme of activities to close those gaps between women’s in gold loan. Location of the study: The study was conducted in the city of Davangere.
Duration of the study: This study was conducted for the duration of 60 days.
Sample size: The sample size of the respondents is 50.
Data collection method: Primary and secondary data was used for the study. Primary Data: Survey method and Questionnaire Secondary Data: Scholar articles @google.com & www.orgncr.com
Problem Definition: Management problem: To identify the involvement of women’s in gold loan. Research problem: -Women’s perception towards gold loan-.
RESEARCH DESIGN AND METHODOLOGY: CharacteristicsMeasuring groupNumber of valid responsesValid Percentage GenderMale1428.14 Female3671.86 8383 Total50100 AgeLess than 29 years911.50 30-44 years1023.30 45-54 years1936.70 Over 55 years1228.50 Total50100 DepartmentBusiness1938.00 Non-business3162.00
Research instruments: The research instrument used for this study is structured questionnaire and survey method. Research type: Descriptive Research is used for the study and under that survey technique is used. The descriptive research was used because here the research has no control over the variables, he can only report only what is happening. Sample area: Sample area is basically the place where the researcher conducted his survey or study. The study was conducted in city of Davanagere. Sample size: The sample size of 50 respondents was taken for the study. Sample technique: Simple Random Sampling technique was used for the study to select the sample from the population. Research description: Sample element: Every individual who taken a gold loan customer Sample unit : Every individual Sample time : March-2012 to May-2012 Sample extent : Davangere city Sample frame : Not specific (sample frame means list consisting of all Sampling unit) Sample size : 50 respondents (for descriptive research the sample size Will be large) Sample method: Probability sampling Data Analysis and Interpretation This survey starts by checking for missing values, outliers, and normality. These tests will be followed by reliability test for the factors being investigated. This is followed by a brief discussion of the validity of the new measures created for the study. The factors are then used to compare against the demographic variables. Mean values of Gender perception towards gold loan GenderRespondents consciousnessPercentage Male1428 Female3672 Total50100
Data Interpretation: Interpretation of data is done by using statistical tools like Bar diagrams, and also using quantitative techniques (by using these techniques) accurate information is obtained
Conclusion:- To end, we can give a friendly-warning to all our readers. Please, go for gold loans only if you are confident enough to repay the amount in future. Otherwise, it is not your cup of tea.
QUESTIONNAIRE Dear Sir / Madam, We the students of BIET-MBA PROGRAMME, Davangere undertaking a study on -Women’s perception towards Gold Loan- (With Special Reference To Muthoot Fin Corp), Davangere city as a part of subject assignment. We request you kindly to fill up the questionnaire by sparing your valuable time. The information provided by you will be used for academic purpose only.
DEMOGRAPHIC PROFILE 1. Name: _____________________________________ 2. Gender: a. Male _____ b. Female _____ 3. Age: a. Less than 29 years [ ]b. 30-44 years [ ] c. 45-54 years [ ]d. Over 55 years [ ]
4. Occupation of respondents: a)Farmer / Household [ ] d) Business man [ ] b)Professional [ ] e) Govt. Employee [ ] c)Private employee [ ] 5. Monthly Income: a) 10000-15000 [ ] b) 15000-30000 [ ] c) 30000-50000 [ ] d) above 50000 [ ] 6. Do you aware about gold loan? a) Yes [ ] b) No [ ] 7. How did you get the information about Gold loan? a) Advertisement [ ] c) family & relatives [ ] b) Friends & colleagues [ ] d) Internet [ ] e) Other ————–.. 8. Have you taken any gold loan recently from any Institution? a) Yes [ ] b) No [ ]
9. If Yes, from which institution? a) Muthoot Fincorp[ ] b) Manapuram Gold loan [ ] c) Banking Sector [ ] d) Others——— 10. Have you faced any problem while taking the gold loan from Muthoot Fincorp? Yes [ ] No[ ] 11. If yes, please mention the problem: a) Delay in sanctioning of loan[ ] b) Delay in disbursement of loan [ ] c) Insufficient loan [ ] d) High rate of interest [ ] e) Quality of service is poor [ ] f) Documentation [ ] g) Valuation of gold [ ] 12. How many years you are required to repay the loan amount: a) 4 years [ ] c) 8 years [ ] b) 6 years [ ] d) 10 years [ ]
13. What is your opinion about financial assistance given by Muthoot Fincorp? a) Highly satisfied[ ] b) Satisfied [ ] c) Dissatisfied[ ] d) Can’t Say [ ] 14. Your opinion about interest charged by the Muthoot Fincorp: a) Very High [ ] c) Reasonable [ ] b) High [ ] d) Low [ ] 15. Your Suggestions towards gold loan in Muthoot Fincorp. —————————————————————- THANK YOU DATE: Signature