RELIABILITY OF MICROFINANCE IMPACT ON DEVELOPMENT OF ENTREPRENEURSHIP

The main objective of the microfinance program is to effectively address poverty, particularly in emerging nations. This may be achieved through offering microfinance services such as micro-loans, micro savings, and insurance to historically marginalized populations. Entrepreneurship encompasses the activities undertaken by people to establish and develop an organization or product, starting from the conceptualization stage and continuing through to its actualization. Hence, it is essential for Microfinance institutions to prioritize the fundamental goal of developmental financing. It is important to give precedence to training programs that foster a culture of establishing robust enterprises, characterized by effective risk management practices and a willingness to embrace and respond to changing circumstances. Several states in India are leading the way in implementing innovative strategies to address longstanding issues and are making significant progress towards achieving equitable economic development. This section aims to elucidate the connection between microfinance and the development of entrepreneurship inside the nation. The study findings indicate a good correlation between microfinance institution lending and the growth of entrepreneurship in India.

               

KEYWORDS: Entrepreneurship, Microfinance, Lending, Development.


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