Impact of Microfinance on Rural Development through Joint Liability Groups
Summary. Microfinance through Joint Liability Groups significantly drives rural development in Kerala, India. The study surveyed 385 beneficiaries and found that microfinance explains 99.6% of rural development outcomes. Five factors—social development, economic development, financial development, employment generation, and financial inclusion—mediate this impact. Microfinance breaks down barriers to formal finance, enabling economic empowerment for excluded populations.
Cite this article
M.B, K., & Balasubramanian, P.. (2024). Impact of Microfinance on Rural Development through Joint Liability Groups. International Journal of Religion. https://doi.org/10.61707/z6090949
M.B, Krishna, and P Balasubramanian. “Impact of Microfinance on Rural Development through Joint Liability Groups.” International Journal of Religion, 2024. https://doi.org/10.61707/z6090949.
M.B, Krishna, and P Balasubramanian. 2024. “Impact of Microfinance on Rural Development through Joint Liability Groups.” International Journal of Religion. https://doi.org/10.61707/z6090949.
@article{m-b-2024-impact-microfinance-rural-development-joint,
title = {Impact of Microfinance on Rural Development through Joint Liability Groups},
author = {Krishna M.B and P Balasubramanian},
journal = {International Journal of Religion},
year = {2024},
doi = {10.61707/z6090949},
url = {https://doi.org/10.61707/z6090949}
}
TY - JOUR TI - Impact of Microfinance on Rural Development through Joint Liability Groups AU - Krishna M.B AU - P Balasubramanian JO - International Journal of Religion PY - 2024 DO - 10.61707/z6090949 UR - https://doi.org/10.61707/z6090949 ER -
Details
- DOI
- 10.61707/z6090949
- Countries
- India
- Regions
- Asia
- Categories
- funding, regional-innovation-systems, general-innovation
- Added
- 2026-04-29