Involvement of Microfinance in Advancement of India

ABSTRACT

MF (Micro Finance) is performing very important play in progress of India and it economy. Micro finance is a very important source of an economic services for people and micro enterprises that do not have informal access to banking and related services .It is a delivery of financial services to such clients were Relationship Based banking for individuals and sole entrepreneurs, Small Business, Group Based Models Numerous of those who promote MF generally believe that such access will help poor people out of poverty. For others it is a way for poor to manage their finances more effectively & take advantage of economic opportunities while managing the risks. The terms have evolved-from micro-credit to micro-finance, & now inclusion of finance. This paper deals with involvement of Micro finance in economy of India and its various models.

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