Microfinance: A Robust Poverty Eradication Tool for India

Microfinance: A Robust Poverty Eradication Tool for India

Registration ID: IJNRD_189220

Published ID: IJNRD2303291

DOI: Click Here to Get

Dr Hitesh Kumar Sharma , Dr. Servesh Kumar Sheetal

Economy, Microfinance, Financial Inclusion, SHG, NABARD, Commercial Banks.

The ambitious India that H’blePrime Minister NarendraModi saw in 2019 would have a $5 trillion GDP and be a superpower in economic field. For this,increasedrate ofeconomic growth is an essential requirement. For sustainable growth it is important that it should be inclusive and broad-based.Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.Here, microfinance is playing an important role in meeting the requirements of low-income aspirational households through delivering them financial services like deposit loans and insurance at their doorsteps and promoting financial literacy among the people of deprived section.Governments, businesses, banks, nonprofit organisations, civil society organisations, and philanthropists support microfinance, which is now becoming a global movement.The demand for financial help, particularly in microfinance, is rising as India's economy and supporting the growth of India’s Gross Domestic Product (GDP). The less wealthy segments of society are making this demand along with businesses and other financially powerful groups.

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"Microfinance: A Robust Poverty Eradication Tool for India", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.c807-c814, March-2023, Available :https://ijnrd.org/papers/IJNRD2303291.pdf

Volume 8 Issue 3, March-2023

Pages : c807-c814

Paper Reg. ID: IJNRD_189220

Published Paper Id: IJNRD2303291

Downloads: 000121173

Research Area: Management

Country: Bijnor, UP, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2303291.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2303291

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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