Microfinance is a service that gives people with low incomes, like consumers and self-employed people, access to financial services like credit, savings, micro insurance, remittances, and leasing who don't usually have access to banks and similar services. Its main goal is to give people permanent access to good financial services, like insurance, savings, and moving money from one account to another. As microfinance is accepted by more people and moves into the mainstream, services for the poor may also increase, making them more effective and reaching more people while lowering costs. This research set out to learn more about how micro-finance might help foster entrepreneurial growth in countries like India that are still in the process of industrializing and modernizing their economies. Despite India's impressive progress in the banking sector, a sizable portion of the country's population is still underserved and does not have access to modern financial services.
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Keywords: Micro-Finance, Entrepreneurship Development.