Microfinance And Inclusive Growth In India

As credit plays vital role in beginning and expanding the business, Microfinance has been treated as an important tool for economic development. Microfinance lenders offer small loans to aspiring as well as current business owners. These loans assist people in getting access to traditional financing and offer jobs to local communities. The size of microfinance loan may vary from lender to lender. But it plays vital role in economic development through job creation, financial stability, and global poverty. Economic growth of the country is determined by human, physical and financial resources. But, sometimes, these are under-utilized or misutilised, if human resource factors are not adequately cultivated or properly managed. It has been observed that lack of proper finance in the rural areas and lack of proper guidance to skilled persons, infrastructure bottlenecks and overall lack of industrially congenial atmosphere have been hindrances in the economic development of the country. So, to move ahead with active support of promotional agencies, rural micro financial institutions have been evolved in channelizing the primary resources into industrial resources causing the real development by removing the industrial backwardness from the region. This book will be immensely helpful to researcher, government, NGOs, and academicians. The editor is immensely thankful to all the authors & co-authors who have contributed their articles for making this book.