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International Journal of Innovation and Research in Educational Sciences

Micro Finance

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Year:
2014
Type of Publication:
Article
Keywords:
Micro Finance and Rural Development, Centrally Sponsored Programme, SGSY, Micro Finance and Women Empowerment, Micro Finance in Indian Scenario etc
Authors:
  • Borpatragohain, Ashim
Journal:
IJIRES
Volume:
1
Number:
4
Pages:
222-224
Month:
November
BibTex:
Note:
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. CC BY-NC-SA 4.0 Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/
Abstract:
The role of financial sector in the process of economic development in the rural areas has been well recognized. Finance plays a big in stimulating substantial economic development, which is being emphasized by the eminent economists like Kaleeki and Keynes. According to Amartya Sen, lack of capability and opportunity are the major responsible factors for poverty and hunger in the developing countries including India. Again the intensity of poverty is more in rural sectors of developing countries. The today use of the expression Micro financing has its roots in the 1970s when organization, such as Grameen Bank of Bangladesh with the Micro finance pioneer Muhammad Yunus were starting and shaping the modem industry of micro financing. Another pioneer in this sector is Akhtar Hameed Khan. An attempt has been made to highlights the role of Micro finance in the process of Rural development, and Micro finance as a tool for the economic empowerment of women.

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