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MICRO FINANCE INSTITUTIONS AND THEIR IMPORTANCE IN GROWING ECONOMIC DEVELOPMENT: A STUDY OF RURAL INDIAN ECONOMY

Pankaj Dixit, Farhad Al-Kake, Rizwan Ahmed · 2019 · Russian Journal of Agricultural and Socio-Economic Sciences

Summary. Microfinance institutions and self-help groups play a critical role in reducing poverty and driving economic development across rural India, where 70 percent of the population lives and depends heavily on agriculture. The study examines how microfinance reaches rural communities through NGOs and local organizations, demonstrating their effectiveness in addressing financial exclusion and supporting economic growth in underserved areas.

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Dixit, P., Al-Kake, F., & Ahmed, R.. (2019). MICRO FINANCE INSTITUTIONS AND THEIR IMPORTANCE IN GROWING ECONOMIC DEVELOPMENT: A STUDY OF RURAL INDIAN ECONOMY. Russian Journal of Agricultural and Socio-Economic Sciences. https://doi.org/10.18551/rjoas.2019-06.27

Details

DOI
10.18551/rjoas.2019-06.27
Countries
India
Regions
Asia
Categories
funding, entrepreneurship
Added
2026-04-28