A study on role effectiveness of micro finance in india: with special reference to poverty eradication

• DOI: 10.56294/sctconf20251178
• Publication Date: 2024-11-17T18:25:18Z
• Authors: Prashant Ashok So...; Deepti Taneja; Sanjay Manocha; Pankaj Saini; Vandana Madaan; Ulfah Fajarini; Paramveer Singh
• Keywords: 0502 economics and business; 05 social sciences

Introduction: Microfinance serves as a means of providing financial assistance to individuals with low incomes, including impoverished rural residents, low-income people, and small company owners inadequate capital. In this system, microfinance gives those who struggle get funding the support they need expand their businesses. They offer range services, insurance, money transfers, savings accounts, deposits, loans, more. has gained widespread recognition an effective approach reduce poverty in developing economies like India.Methods: The goal study is critically evaluate arguments made for against strategy reducing on global scale. nations India, where bulk population lives regions without access traditional banking most efficient empowering economically. current examine how institutions contribute client satisfaction by offering high-quality services raising awareness. Cross sectional table analysis used study. Secondary sources data been accomplishment Results: This paper was beneficial India relation fight poverty. aims provide understanding models, main obstacles, impact reduction purpose help underprivileged residing areas become self-sufficient. It specifically designed these individuals. Conclusions: came conclusion that can satisfy customers raise awareness levels. indicates order maintain quality develop businesses, must continue innovate through use new programs policies