Microfinance intervention: performance adaptive and effect

Microfinance is all about giving an opportunity to build better lives for the people at the bottom of the pyramid. It has become one of the most important aspects of growth and development in the country. The aim of this study was to identify the present trends and the status of microfinance through SHG in the context of Madhya Pradesh. Over the past decade, various initiatives have been taken up by the government to promote empowerment in rural areas. One such initiative is the microfinance intervention. The findings revealed that the current number of SHGs in Madhya Pradesh now stands at 256178. The savings of the SHGs amount to 30067.45 increase of almost 10.10 percent. While saving with SHGs showed an increase, the number of loans disbursed to SHGs fell down 39.29 percent to an amount of 17984.38 lakhs.Microfinance has now and again made credit reliance and repeating obligation and has given a bane to the poor individuals who are living underneath the neediness line.