Micro finance revolution: Issues and Challenges

Microfinance has been spreading around the world as one of the popular poverty reducing strategy. Micro finance is sense of small scale financial products and services for unbanked, poor and deprived section of society residing in rural and semi-urban areas and urban slums. It provides small amount of loan to very poor people for self employment projects for increasing income level and standard of living. It works as supplementary credit delivery system which is cost effective. This paper makes a modest attempt to show its challenges and suggestions are also submitted in smooth functioning of microfinance.