A PORTRAIT STUDY OF MICROFINANCE INSTITUTIONS - INCLUSIVE GROWTH

KumaraSwamy Manepalli, Dr. M. Ramkumar

Abstract


Inclusive development is one of the critical determinants of national growth and its importance increases manifold in a developing and vast country like India. The poor living in villages represent the country’s vulnerability, arising out of their unequal access to financial literacy, products and services. Micro finance is to supply micro credit to people living in utter poverty and has no reach to the conservative, formal financial products. Micro finance focused on availing the credit in a standard manner. Micro financial schemes plays vital role in increasing women’s participation in economic activities and decision making. In this research paper an effort is made to investigate the role of microfinance in rural development especially through Micro financial schemes and other supportive independent factors which are major influencing part of financial inclusion. This study is an empirical study which aims to find out the role and responsibilities of microfinance in rural development.


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References


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