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VOL. 5, ISSUE 4 (2023)
Evaluating the role of microfinance in India
Authors
Sheetal, Sunil
Abstract
Microfinance institutions in India play a critical role in development.
Microfinance is a vital source of financial services for individuals and small
businesses that do not have easy access to banks and related services. It
offers clients financial services such as banking for sole proprietors, small
businesses, and group models. Many supporters of MFIs feel that such access
will assist the poor in escaping poverty. Poor people manage their finances
more effectively, seizing economic opportunities while controlling dangers. The
scenario has shifted from microcredit to microfinance to "financial
inclusion." The role and models of microfinance in India are discussed in
this article.
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Pages:17-19
How to cite this article:
Sheetal, Sunil "Evaluating the role of microfinance in India". International Journal of Commerce and Economics, Vol 5, Issue 4, 2023, Pages 17-19
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