International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 25    Submit Your Rating     Cite This   Download        Certificate

MICRO FINANCE IN INDIA AND ITS IMPACT ON POVERTY ALLEVATION

    1 Author(s):  DR. C S SHRIMALI

Vol -  14, Issue- 2 ,         Page(s) : 194 - 203  (2023 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

The context for this paper derives from the current overriding emphasis on microfinance in rural finance discourse and its celebration as the new ‘magic sword’ in the fight against poverty. The paper discusses the factors and theoretical position associated with evolution of microfinance and its global acclaim based on it being a Win-Win proposition for both Micro Finance Institutions (MFIs) and Clients.

Self Help Group (SHG) – Bank linkage programme is the largest microfinance programme in India in terms of outreach. It is based on linking of informal groups of poor with banks for credit and savings.
Seibel, H.D. & Parhusip, U (1990) Financial Innovations for microenterprises – linking formal and informal institutions. In Harper, M. (Ed.) (2003) Microfinance : Evolution, Achievement and Challenges, ITDG Publishing, London

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details