Micro-finance is the provision of credit without insisting on collateral security to non-bankable poor along with a wide range of financial services such as savings and deposit mobilization, insurance, etc. Micro-finance is an umbrella term that includes micro-credit, micro-savings, insurance, remittance of money, and other financial services. Micro-finance aims at inculcating the habit of thrift among the poor people with meager incomes. The philosophy behind micro-finance is to organize the poor into groups and initiate income-generating activities among them to raise their incomes and help them way out of poverty, and to encourage thrift among them.
For Citing this article use:
- Agasara, M. (2018). Women empowerment through shg bank linkage programmes a case study of hyderabad karnataka region.
