International Journal of Applied Research
Vol. 6, Issue 7, Part F (2020)
Impact of microfinance on living standards of poor people (Special reference of rural area of eastern Uttar Pradesh)
Microfinance is not a new development but started in 1976, by Muhammad Yunus. Whos vision was to come up and have succeeded in reaching the poorest of the poor and improvement of their living stander. To understand the phenomena in this study researchers have focused to understand the impact of MFIs in living stander of rural people. Researchers have used primary as well as secondary data in their study. Sample based on the random sampling technique, from five districts of east Uttar Pradesh. Researchers have interviewed the respondents who are already involved in microfinance activities. From the analysis of data, researchers found that microfinance has the positive impact on the standard of living of the poor people and on their life style. Microfinance has not only helped the poor people to come over the poverty line, but has also helped them to empower themselves. Researchers have developed a theoretical model to understand the impact of MFIs.
How to cite this article:
Dr. Ramesh Kumar Chaturvedi, Om Prakash Singh. Impact of microfinance on living standards of poor people (Special reference of rural area of eastern Uttar Pradesh). Int J Appl Res 2020;6(7):427-430.