International Journal of Applied Research
Vol. 1, Issue 4, Part D (2015)
Bridging the Gap between Established and Marginalized Section of Society: A Study of Micro-Finance in Akola (Ms)
Micro finance is the supply of micro credit to people living in utter poverty and has no reach to the formal financial products. It is a support to engage them in productive activities and grow their tiny businesses. Micro financial schemes plays vital role in increasing women’s participation in economic activities and decision making. Recent development in Micro finance has brought a fresh focus on the problem of regulation in field of microfinance. The paper discusses the factors and theoretical position associated with evolution of microfinance and its role. This study suggests that microfinance provides key lessons for development in terms of what mechanism and best practices should be adopted and how to make small change that creates a big difference. The paper concluded that poor people in rural areas especially in under developing countries, are in immense need of credits so microfinance programs must make available this credit needs and motivate the poor people to increase their standard of living in study area.
How to cite this article:
DV Ingle. Bridging the Gap between Established and Marginalized Section of Society: A Study of Micro-Finance in Akola (Ms). International Journal of Applied Research. 2015; 1(4): 165-168.