IDEAS home Printed from https://ideas.repec.org/a/jct/journl/v10y2015i2p63-67.html
   My bibliography  Save this article

The Impact of Microfinance on Rural Development in India

Author

Listed:
  • Dr. Sangita Bharuka

    () (Shree Cloth Market Kanya Vanijya Mahavidhyalaya, Indore)

  • Dr. Renu Mehta Soni

    () (M. B. Khalsa College, Indore)

Abstract

Microfinance is used toa supply small credits to very poora section of society sthat is unable to access the traditional economicala financial institutions such as banks. It helpAs them in acquiring finance to expand their tinya businesses and other financial needs. Microfianances also helps in improvinga contribution of women in economic activitiesa by providinga economical resources to invest. Thisa research paper is an effort to bring light the role of microfinance in rural development through the study of micro financial schemes. We can learn important lessons from microfinance for developments in terms of what can be the strategy that we can adapt to make a difference. We can conclude that weak sector of Indian economy is in dire need of money lending methods to earn credits so microfinance programs should be an important area of focus to provide these people the chance to improve their standard of living via means of economical growth.

Suggested Citation

  • Dr. Sangita Bharuka & Dr. Renu Mehta Soni, 2015. "The Impact of Microfinance on Rural Development in India," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 10(2), pages 63-67, October.
  • Handle: RePEc:jct:journl:v:10:y:2015:i:2:p:63-67
    as

    Download full text from publisher

    File URL: http://www.jctindia.org/oct2015/v10i2jct-9.pdf
    Download Restriction: no

    More about this item

    Keywords

    microfinance; money lending; rural development; financial planning etc.;

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jct:journl:v:10:y:2015:i:2:p:63-67. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Himanshu Agarwal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.