An In-Depth Analysis of the Key Drivers and Influences of the Microfinance Institutions

Teesha Ahuja

Vol. 6, Jan-Dec 2020

Page Number: 173 - 177

Abstract:

Microfinance development is crucial to financially disadvantaged individuals' upward mobility. Their contribution to enhancing financial inclusion demonstrates this, particularly in semi-urban and rural areas. Microfinance players have been working hard to balance social and commercial responsibilities. Customers of financial institutions and regulators are key stakeholders in this process. This article focuses on various aspects of the expansion of microfinance institutions in India that provide a wide range of services and have; as a result, significantly altered the lives of economically disadvantaged individuals and reduced the volatility of their income sources.

References

• Finezza, Microfinance in India: how it evolved over the years? December 30, 2019
• Dr. Ajit Kumar Bansal, (2012), Microfinance And Poverty Reduction In India. A Journal of Management, p-p 31-35.
• KPMG, Microfinance Contributes to Financial Inclusion, Opportunity and Challenges Ahead. December 2019.West Bengal.
• Priyanka Ramath & Preethi, (2014), Microfinance In India –For Poverty Reduction. Nirmala College For Women. International Journal of Research and Development - A Management Review (IJRDMR), Volume 2 Issue 4.

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