Impact of micro-credit on economic and social well being of borrowers: An empirical study of Haryana

Micro-credit is an important tool for financial inclusion. In this paper the impact of Micro-credit on the well being of the borrowers in Haryana has investigated. Two dimensions of well being namely economic well being and social well being have been taken in this study. It is a primary study and data is collected from the beneficiaries through a structured questionnaire. The data is further validated by taking personal interviews of other stakeholders including bank and government officials. Statistical technique of data reduction the Principal Component Analysis and appropriate Statistical test has been employed to extract the meaningful inferences in this context.