Microfinance: Importance and Issues
Importance
- Anti-Poverty: In India, microfinance has a significant impact on the country's development. It serves as a vaccine against poverty for those who reside in rural areas. Its goal is to support economically disadvantaged communities in achieving higher levels of wealth development and income security for both households and entire communities. The most important function of microfinance in India is to provide small business owners with access to money.
- Empowering Women: By providing them with loans, the microfinance concept focuses on women as well. Since women are becoming more independent, they are able to directly contribute to the welfare of ....
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