Micro Finance and Poverty Eradication in India

Abstract

The study examines the role of micro finance Institutions and global acceptance. This paper is focused on The study the Micro finance Institutions in India, To find out Challenges facing by Indian microfinance sector, To understand the progress of SHGs in Micro Finance, To study the relationship between Micro finance and poverty.  It concludes that in order to expand the outreach of microfinance and establish best practices, with the help of scientific establishment of microfinance is possible to remove the village poverty. Rural development and poverty reduction are commonly related to the issue of rural employment. Rural households livelihood strategies comprise several options, including farming and non- farm activities, local self-employment and wage employment, and migration. Micro finance has proven to be an effective and powerful tool for rural development and poverty reduction.