Overview of the progress of microfinance programme in India

Throughout this paper, we tried to discuss the progress of microfinance programme in India. The main objective of microfinance programme is to provide financing facilities to those areas of thrust from where the generation of income and the employment may be takes place. There are certain principles and delivery models also through which the microfinance process takes place. In this regard, Self Help groups play a vital role. In this sector, many banks (public and private), NGOs, Cooperative banks have shown very keen interest. There are also many programmes/schemes through various agencies and departments are going on to promote the SHGs. In addition, it also provides the services of Micro savings, Micro insurance, Micro Leasing and the money transfer which are similar to banking services.