Microfinance: A Robust Poverty Eradication Tool for India
Dr Hitesh Kumar Sharma
, Dr. Servesh Kumar Sheetal
Economy, Microfinance, Financial Inclusion, SHG, NABARD, Commercial Banks.
The ambitious India that H’blePrime Minister NarendraModi saw in 2019 would have a $5 trillion GDP and be a superpower in economic field. For this,increasedrate ofeconomic growth is an essential requirement. For sustainable growth it is important that it should be inclusive and broad-based.Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.Here, microfinance is playing an important role in meeting the requirements of low-income aspirational households through delivering them financial services like deposit loans and insurance at their doorsteps and promoting financial literacy among the people of deprived section.Governments, businesses, banks, nonprofit organisations, civil society organisations, and philanthropists support microfinance, which is now becoming a global movement.The demand for financial help, particularly in microfinance, is rising as India's economy and supporting the growth of India’s Gross Domestic Product (GDP). The less wealthy segments of society are making this demand along with businesses and other financially powerful groups.
"Microfinance: A Robust Poverty Eradication Tool for India", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.c807-c814, March-2023, Available :https://ijnrd.org/papers/IJNRD2303291.pdf
Volume 8
Issue 3,
March-2023
Pages : c807-c814
Paper Reg. ID: IJNRD_189220
Published Paper Id: IJNRD2303291
Downloads: 000118841
Research Area: Management
Country: Bijnor, UP, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
