The main purpose of the research paper is to demonstrate the effects of Microfinance as a part of Financial Inclusion in India.
Microfinance: One of the Key drivers of Financial Inclusion
9. Less constrained spending Low cost services Free Use of Money Easy pathway out of poverty Good Social, economic High standard of living Financial lliteracy Good financial habits Good education Macro -environment Personal characteristics Social/wider inclusion Financial inclusion Low or controlled debt Asset ownership Employment High Income
Growth rate is not enough….. Focus on root…. Lies in rural area….. To achieve high growth rate Fastest growing economy
Rural nd semi urban got the majority…incrsd 22 in 69 to 41 in 07……51 ot of 100 in 93 nw 56 in 09….31727brnches popltn coverd by each branches come down frm 63000 in 69 to 16000 in 09…