Question

Role of micro finance in rural development in india

Answer 1

Answer:

Micro-finance has a significant role in bridging the gap between the formal financial institutions (Like banks) and the rural poor. The MFIs accesses financial resources from the Banks and other mainstream Financial Institutions and provide financial and support services to the poor.

Answer 2

Answer:

development of rural people of India. Microfinance is a provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban areas, for enabling them to raise their income levels and improve living standards