International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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ADVENT AND PRESENT SCENARIO OF MICROFINANCE IN INDIA
1 Author(s): DR ASHOK KUMAR GUPTA
Vol - 4, Issue- 1 , Page(s) : 259 - 273 (2013 ) DOI : https://doi.org/10.32804/IRJMST
Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services. More broadly, it is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers." Those who promote microfinance generally believe that such access will help poor people out of poverty.