Vol. 4, Issue 6, Part E (2018)

Abstract
A major demographic change is taking place in our country with a huge and growing working population. There is a big chunk aspiring to grow into the middle class with the support of institutional credit. That is how microfinance can play a big role in meeting their requirements and fulfilling their goals. But finance is one of the main problems despite a number of efforts being taken by the concerned ministry and RBI. There is a lack of widespread awareness about the existing schemes and their benefits. With this Financial Institutions (FIs) also need to be careful and conscious about the carbon footprint they will leave in the environment. Also, there should be check on the Micro Small and Medium Enterprises (MSMEs) financed to maintain that balance of environment. This paper studies both these concepts in Indian context, its impact and further scope in these two fields which will help our economy grow in a better and right direction.