This paper is published in Volume-4, Issue-6, 2018
Area
Commerce And Managment
Author
Priyanka A. Dongre, Hitesh Dongardeo, Dr. Ajay Pethe
Org/Univ
Karmaveer Dadasaheb Kannamwar Engineering College, Nagpur, Maharashtra, India
Pub. Date
31 December, 2018
Paper ID
V4I6-1428
Publisher
Keywords
Microfinance, SHG, Sustainable rural development

Citationsacebook

IEEE
Priyanka A. Dongre, Hitesh Dongardeo, Dr. Ajay Pethe. Effectiveness of micro finance in sustainable rural development- A study in Wardha district, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Priyanka A. Dongre, Hitesh Dongardeo, Dr. Ajay Pethe (2018). Effectiveness of micro finance in sustainable rural development- A study in Wardha district. International Journal of Advance Research, Ideas and Innovations in Technology, 4(6) www.IJARIIT.com.

MLA
Priyanka A. Dongre, Hitesh Dongardeo, Dr. Ajay Pethe. "Effectiveness of micro finance in sustainable rural development- A study in Wardha district." International Journal of Advance Research, Ideas and Innovations in Technology 4.6 (2018). www.IJARIIT.com.

Abstract

The effectiveness of microfinance is important for reducing the poverty index of the country. Today, we are facing a problem of unemployment along with the increase in population. Migration happens from rural to urban for the search of employment. Around 60 to 75 million households in India live below the poverty line. There are various financial institutes along with the help of a financial corporation, cooperative sector, cooperative bank, NGOs, commercial and nationalizes bank is supporting credit service. Micro finance improves the financial need of rural Indian people. Microfinance helps to implement the development policies of the government with the help of state government, NGOs, NABARD and many other institutes. Micro finance improving the awareness about the saving pattern and accountability with the help of formation of Self Help Group (SHG).