Open AccessA PORTRAIT STUDY OF MICROFINANCE INSTITUTIONS - INCLUSIVE GROWTH
Author(s) -
Kumaraswamy Manepalli
Publication year - 2018
Publication title -
indian journal of applied research
Language(s) - English
DOI - 10.36106/ijar/1813056
Subject(s) - microfinance , financial inclusion , poverty , standard of living , inclusive growth , vulnerability (computing) , business , economic growth , financial literacy , inclusion (mineral) , public economics , development economics , financial services , economics , finance , sociology , social science , market economy , computer security , computer science
Inclusive development is one of the critical determinants of national growth and its importance increases manifold in adeveloping and vast country like India. The poor living in villages represent the country's vulnerability, arising out of theirunequal access to nancial literacy, products and services. Micro nance is to supply micro credit to people living in utter poverty and has no reachto the conservative, formal nancial products. Micro nance focused on availing the credit in a standard manner. Micro nancial schemes playsvital role in increasing women's participation in economic activities and decision making. In this research paper an effort is made to investigate therole of micronance in rural development especially through Micro nancial schemes and other supportive independent factors which are majorinuencing part of nancial inclusion. This study is an empirical study which aims to nd out the role and responsibilities of micronance in ruraldevelopment