Volume : II, Issue : I, January - 2013

Overview of Micro Finance for Women in India

Dr. Dodmani Srinivas Rao

Abstract :

Micro finance is the supply of loans, savings, and other basic financial services to the poor. People living in poverty, like everyone else, need a diverse range of financial instruments to run their businesses, build assets, stabilize consumption, and shield themselves against risks. Financial services needed by the poor include working capital loans, consumer credit, and savings, pensions, insurance, and money transfer services. The poor rarely access services through the formal financial sector. They address their need for financial services through a variety of financial relationships, mostly informal. Credit is available from informal commercial and non-commercial money-lenders but usually at a very high cost to borrowers. Financial services for the poor have proved to be a powerful instrument for poverty reduction that enables the poor to build assets, increase incomes, and reduce their vulnerability to economic stress

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. Dodmani Srinivas Rao Overview of Micro Finance for Women in India International Journal of Scientific Research, Vol.II, Issue.I January 2013

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