*Commerce, Department, H.N.B. Garhwal University, Srinagar Garhwal, Uttarakhand
**Lecturer, Guru Gobind Singh Institute of Technology and Management Studies, Yamunanagar (Haryana)
***Associate Professor, Commerce Department H.N.B. Garhwal University, Srinagar Garhwal, Uttarakhand
Online published on 13 June, 2013.
Microfinance is gathering momentum to become a significant force in India. It is now been accepted worldwide that in comparison of subsidies to companies, poor need access to the credit. They don't have permanent employment opportunities that make them non-bankable. The whole things push them to borrow their funds from Mahajans and Sahookars (indigenous bankers). Recognizing the emerging needs of that poor people, across the world a number of practices have been developed to help them and their needs. The present paper elaborates the conceptual framework of opportunities and challenges in front of micro-financing mechanism and institutions in India. It also discusses the opportunities untapped because of the huge existing demand-supply gap.
