Question

Who introduced concept of micro finance in india?

Answer 1

Abstract: 

The present paper highlights the micro-finance & evaluates the position of micro-finance. The concept of microfinance is not new in India. Traditionally, people have saved with and taken small loans from individuals and groups within the context of self-help to start businesses or farming ventures. Majority of poor are excluded from financial services. Micro finance is a programme to support the poor rural people to pay its debt and maintain social and economic status in the villages. Micro-finance is an important tool for improving the standard of living of poor. Inspite of many organizations of micro finance, micro finance is not sufficient in India. The study explores some suggestions to make micro finance more effective. 

Answer 2

Muhammad Yunus , a noble prize winner has introduced the concept of micro finance in India.