International Journal of Research in Finance and Marketing
  • Year: 2015
  • Volume: 5
  • Issue: 6

Emerging Face of Micro-Finance in India--A Review

  • Author:
  • Meenu Shahi1, Anu Kumari2
  • Total Page Count: 6
  • Page Number: 36 to 41

1Assistant Professor, Department of Commerce, Government College for Girls (Gcg-14)-Panchkula

2Assistant Professor, Department of Commerce, G.M.N(P.G) College, Ambala Cantt

Online published on 11 December, 2015.

Abstract

Micro finance sector has grown rapidly over the past few decades. Nobel Laureate Muhammad Yunus is credited with laying the foundation of the modern MFIs with establishment of Grameen Bank, Bangladesh in 1976. Today it has evolved into a vibrant industry exhibiting a variety of business models. The main objective of this research paper is to help to poor women with respect of SHGs for capital formation in the all sectors specially agriculture sector and Grameen bank especially in the rural areas. Micro-finance not only offer micro credit but they also provide other financial services like savings, insurance, remittance and non-financial services individual counseling training and support. Through women face handicaps to their involvement in politics, then participation in Micro-finance and SHGs has altered them and these women can be prospective leaders in the local political field.

Keywords

Micro-Finance, Key players of Micro-finance system, Women's Entrepreneurship