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Revolutionizing rural landscapes: Unveiling the transformative power of microfinance in rural development

B Sandhya Rani, J Ramprasad · 2023 · International Journal of Research in Finance and Management

Summary. Microfinance provides small loans, savings accounts, and insurance to rural individuals and businesses in underserved areas. The study examines how microfinance reduces poverty, generates income, creates jobs, and promotes financial inclusion and sustainable development in rural communities. The findings show microfinance serves as a tool for economic empowerment and social development in marginalized rural landscapes.

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Rani, B. S., & Ramprasad, J.. (2023). Revolutionizing rural landscapes: Unveiling the transformative power of microfinance in rural development. International Journal of Research in Finance and Management. https://doi.org/10.33545/26175754.2023.v6.i2a.237

Details

DOI
10.33545/26175754.2023.v6.i2a.237
Countries
Australia, India
Regions
Oceania, Asia
Categories
funding, entrepreneurship, general-innovation
Added
2026-09-01