Micro finance has become one of the most effective interventions for economic empowerment of poor. In India there is a tremending increase in the number of micro financial institutions. Micro finance activities mainly done through self help group and through these loans are provided to the needy people. Nowadays microfinance has become an important tool for women empowerment, rural development and poverty alleviation. In India Self help groups represent unique approach to financial intermediation. SHG are mainly village based financial intermediary committee usually composed of 10-20 members of local women or men and mixed group not preferred. According to RBI self help groups may be of registered or unregistered group of micro entrepreneurs.
Impact Factor
2022: 6.012
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