Volume : IV, Issue : I, January - 2014

Micro Finance as a Tool for Financial Inclusion of Rural India

Ms Rati Dhillon

Abstract :

India tagged as a low income class country by World Bank and houses the second largest world population. Out of the total population which resides in India more than 50% of the population is still living in rural area and therefore need credit and financial services. This lead to advent of micro-credit, and therefore NABARD initiated the concept of Microfinance in the country which was aimed at providing financial services to rural population of the country. A number of microfinance models are currently operational in country; however there are a number of issues which makes the system laggard. Recommendations at the end of this paper have been laid down with regard to how the problems of microfinance system can be resolved.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ms Rati Dhillon Micro Finance as a Tool for Financial Inclusion of Rural India Indian Journal of Applied Research, Vol.IV, Issue. I

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