Volume : VI, Issue : III, March - 2017

MICRO CREDIT SUPPORTIVE ROLE IN INDIAN ECONOMY

Babal Preet Kaur

Abstract :

 With the growth of industry, trade and commerce, the banking system also grew over a period of time and gained maturity. In the era of keen competition among banks almost every day a new type of scheme is being introduced by banks to attract customer .Most of the people in developing countries live in rural areas, they are poor and unable to save, and they need to be helped. Financial institutions in the country have been playing a leading role in the microfinance program for nearly two decades now. Microfinance sector has covered a long journey from micro savings to micro credit and then to micro enterprises. This gradual and evolutionary growth process has given a great boost to the rural poor in India to reach reasonable economic, social and cultural empowerment, leading to better life of participating households. This study examines role of micro credit in Indian economy.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Babal preet Kaur, MICRO CREDIT SUPPORTIVE ROLE IN INDIAN ECONOMY, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : VOLUME-6 | ISSUE-3 | MARCH‾2017

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