ISO 9001:2015

CONTRIBUTION OF MICROFINANCE IN PROGRESS OF INDIA

Dr. Harish Purohit & Pawar Sohan Madhukarrao

MF (Micro Finance) is performing very important play in progress of India and it economy. Micro finance is a very important source of an economic services for people and micro enterprises that do not have informal access to banking and related services .It is a delivery of financial services to such clients were Relationship Based banking for individuals and sole entrepreneurs, Small Business A number of, Group Based Models of those who promote MF generally believe that such access will help poor people out of poverty. For others it is a way for poor to manage their finances more effectively & take advantage of economic opportunities while managing the risks. The terms have evolved-from micro-credit to micro-finance, & now the inclusion of finance. This paper deals with involvement of Micro finance in economy of India and its various models.

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Keywords: Microfinance, Microcredit, Entrepreneur, Inclusion, Economic Opportunities.


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