AN EMPIRICAL STUDY ON IMPACT OF MICROFINANCE ON POVERTY ALLEVIATION IN RURAL INDIA

Abstract

The dynamic development of the microfinance business has been advanced by market powers as well as by cognizant activities of national governments, Non-Governmental Organizations (NGOs), and the benefactors who view microfinance as a successful device for killing neediness. The incredible push behind this immense and expanding support for microfinance showed that national monetary and social effects are noteworthy and it should be analysed all the more intently.   Self Help Group (SHG) provides microfinance services for people in rural regions so they can use the capital for small business, productive work and become financially stable and independent. In this article, we have described the impact of microfinance on poverty alleviation its impacts on people and society. Here we have explained, the main purpose of this article is to present Microfinance and how it can be useful for poor people and the reduction of unemployment.