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    You are at:Home » What is Micro-Finance?

    What is Micro-Finance?

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    By InfoDesk on November 12, 2021 Banking

    MicrofinanceMicro-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.
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