Assessment of efficiency and ranking of microfinance institutions in India: a two-stage bootstrap DEA analysis

Abstract

Although much progress has been made, the problem has not been solved yet, and the overwhelming majority of people who earn less than $1 a day, especially in the rural areas, continue to have no practical access to formal finance sector. Microfinance has been growing rapidly with $25Bn currently at work in microfinance loans. Although much progress has been made, the problem has not been solved yet, and the overwhelming majority of people who earn less than $1 a day, especially in the rural areas, continue to have no practical access to formal finance sector. Microfinance has been growing rapidly with $25Bn currently at work in microfinance loans. With controversial results, both supporting and not the assumption that microfinance can promote income generate activities, this paper attempts an enquiry into the recent developments in microfinance.