Volume : IV, Issue : IX, September - 2014

Spreading of Microfinance In India: Some Challenges

Ch. Sujatha Gangadhar, Prof. P. Malyadri

Abstract :

The term microfinance covers the provision of financial services as a whole to the poor which includes microcredit, micro–insurance and savings. It is the system of providing very small loans without a collateral to low income individuals and households that are repaid within short periods of time. Microfinance has evolved over years and now a proven strategy for reaching the poorest of the poor. However, the Microfinance Institutions face a variety of challenges in its delivery of micro finance services. This paper is an attempt to understand the evolution of the microfinance industry in India and to underline the critical challenges faced in the spread of Microfinance in India. The paper is also intended to provide suggested solutions to help deal with these challenges. The present scenario of the microfinance sector in India, its history as well its future direction have been highlighted.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ch.Sujatha Gangadhar, Prof.P.Malyadri Spreading of Microfinance in India: Some Challenges Indian Journal of Applied Research, Vol.4, Issue.9 September 2014

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