Critical Analysis of Financial Crisis on Micro Finance in Reference with India

Abstract

In a country like India where 70 percent of its population lives in rural area and 60 percent depend on agriculture (according to the World Bank reports), micro-finance can play a vital role in providing financial services to the poor and low income individuals. Microfinance is the form of a broad range of financial services such as deposits, loans, payment services, money transfers, insurance, savings, micro-credit etc. to the low and poor individual income. The importance of micro-finance in the developing economies like India cannot be undermined, microfinance refers to small savings, credit and insurance services extended to socially and economically disadvantaged segments of society. It is emerging as a powerful tool for poverty alleviation in India. There are two broad approaches that characterize the microfinance sector in India is Self Help Groups (SHGs)-Bank linkage programme and Microfinance Institution (MFIs).This paper tries to outline the prevailing condition of the Microfinance in India in the light of its emergence till now. Kajal J. Savaliya"Critical Analysis of Financial Crisis on Micro Finance in Reference with India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-2 , February 2017, URL: http://www.ijtsrd.com/papers/ijtsrd61.pdf http://www.ijtsrd.com/management/accounting-and-finance/61/critical-analysis-of-financial-crisis-on-micro-finance-in-reference-with-india/kajal-j-savaliya

Authors and Affiliations

Keywords

Related Articles

An Approach to Mathematically Establish the Practical Use of Assignment Problem in Real Life

The assignment problem is a discrete and combinatorial problem where agents are assigned to perform tasks for efficiency maximization or cost time minimization. Assignment Problem is a part of human resource project mana...

Analyze the Molecular Genetics of a Solitary Causative Genetic Material behind Muscular Dystrophy

Muscular dystrophy is a genetic disorder characterized by progressive muscle weakness and degeneration. Duchenne muscular dystrophy DMD is the most common X linked disorder muscular dystrophy. It is caused by an absence...

Impact of Visual Merchandising on Impulsive Buying Behavior of Sri Lankan Modern Trade Customers

The focus of the research was to see how different visual marketing approaches affected the impulsive purchase behavior of Sri Lankan modern trade clients. Modern retailers utilize visual merchandising as one of their pr...

Factors Affecting Tax Officials’ Occupational Stress in Binh Thuan Province

The study aims to determine factors and the impact level of each factor on tax officials’ occupational stress in Binh Thuan Province. Research data were collected from 300 tax officials using convenient sampling. Applyin...

Fixed Points in Continuous Non Decreasing Functions

The purpose of this paper is to establish a common fixed point theorem is established in G-complete fuzzy metric spaces in the sense of George and Veeramani besides discussing some related problems. Dr. M. RamanaReddy"Fi...

Download PDF file
  • EP ID EP357062
  • DOI -
  • Views 253
  • Downloads 0

How To Cite

(2017). Critical Analysis of Financial Crisis on Micro Finance in Reference with India. International Journal of Trend in Scientific Research and Development, 1(2), -. https://europub.co.uk/articles/-A-357062