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Yet, unlike medium and large scale finance, microfinance has not received its due place in national development policy framework. The ignorance of the role of microfinance has been partly due to the pessimism expressed by some of microfinance practitioners about its outreach capability and partly due to the negligible bargaining power of its clientele, viz., and the poor, as against that of the middle class of the society.
With a successful social mobilization and empowerment program to precede the credit delivery, even the poorest of the poor stand to benefit from microfinance. However, to attain the maximum success and ensure sustainability, an attitudinal change in the target clientele should be effected...
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Common topics in this essay:
- economic reforms gdp growth and poverty alleviation
- Financial Inclusion Through Microfinance-Health Insurance In India
- Microfinance in india
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- Poverty Alleviation In India
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