Volume : VII, Issue : II, February - 2018

MICROFINANCE IN RURAL INDIA: AN OVERVIEW

M. Swapna

Abstract :

 

Rural is often looked down upon as a not a healthy place to live, where that place is a secluded place for the underprivileged and where only the down trodden people can live. On the other side, micro is a word that has its presence that reflects only the small and the underprivileged. Lack of access to finance is often cited as a key reason why poor people remain poor. This paper will throw light on the Indian rural sector as the emerging and viant sector which will take India to fulfill the dream of the developed country. India can be divided into two parts on the basis of development: one is Developed India and other is Undeveloped India, there arises a need of Development of the underdeveloped Area. Microfinance stands as one of the most promising and cost effective tools which fight against global poverty. The findings from this study suggest that there is rise in the history and perspectives of rural credit in India in form of microfinance and there is need for improved governance to manage challenges for future so that socio–economic growth is possible. The present paper discusses conceptual framework, development process, growth of SHG linked microfinance programme, types of micro finance services and developmental role of these institutions in rural India. It also focuses on the status of microfinance and provides some policy framework to meet the challenges faced by Indian microfinance. The article traces that the evolution of the microfinance revolution in India as a powerful tool for socio–economic development in rural India.

The research will focus to determine that, what various Factors are contributing to the development of Rural India. It will focus on how the micro finance Institutions can help the people of Rural India, so that they can get the Equal opportunity for the Industrial and Agriculture growth.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

M. SWAPNA, MICROFINANCE IN RURAL INDIA: AN OVERVIEW, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-7 | Issue-2 | February-2018

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