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The paper titled "Analysis of Growth in Microfinance Reach and Performance: Region wise analysis" explores the growth and performance of microfinance in India. Microfinance has emerged as an effective tool for poverty alleviation and financial inclusion, especially in developing countries like India. The paper examines the evolution of microfinance in India, its regulatory framework, and the challenges faced by the sector. It also investigates the role of technology in expanding the reach of microfinance, the impact of microfinance on the livelihoods of borrowers, and the implications for policy makers. The study provides region-wise analysis of microfinance growth in India, taking into account the regional variations in terms of economic development, demographic composition, and social and cultural factors. The analysis is based on data from various sources, including reports from the Reserve Bank of India and the National Bank for Agriculture and Rural Development. The paper concludes that Self Help Groups (SHGs) have been performing well in terms of increasing their numbers, savings, and loan disbursement, but there is a need for careful monitoring and management of SHGs to ensure timely repayment of loans and sustained growth and success in all regions.
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Cite Article:
"Analysis of Growth in Microfinance Reach and Performance: Region wise analysis", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 11, page no.826 - 834, November-2022, Available :http://www.ijrti.org/papers/IJRTI2211116.pdf
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000205073
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator