Evolution and Growth of Microfinance in India

EVOLUTION AND GROWTH OF MICROFINANCE IN INDIA

MICROFINANCE IN INDIA HAS COME A LONG WAY IN THE LAST DECADE. LEARN ABOUT THE EVOLUTION AND GROWTH OF MICROFINANCE IN INDIA AND HOW IT HAS HELPED MILLIONS OF PEOPLE ESCAPE POVERTY.

MICROFINANCE IS A SMALL-SCALE FINANCIAL SERVICE OFFERED TO PERSONS WHO OWN TINY OR MICRO-BUSINESSES OR WORK FOR LOW PAY OR COMMISSIONS. IT IS PRIMARILY A MICRO OR SMALL PRIMARY CREDIT AND SAVINGS FINANCIAL SERVICE PROVIDED TO PEOPLE AND GROUPS AT THE LOCAL LEVEL IN DEVELOPING COUNTRIES, BOTH RURAL AND URBAN. IT PROVIDES BANKING OPPORTUNITIES TO PERSONS AT THE