A STUDY ON CHALLENGES, OPPORTUNITY AND POVERTY REDUCTION THROUGH MICRO FINANCE IN INDIA

Poverty is a term with which manly developing countries are suffering. The poor people one of basic need for financial requirements to socio economic developments. Micro-finance has become one of the most effective interventions for economic empowerment of the poor. The experience across India and other countries has shown a robust potential of Microfinance to integrate with the development issues thereby significantly impacting the lives of poor. In this research paper indicates that role micro finance large contribution to economic development of poor people as well as challenges, opportunity and poverty reduction through micro finance.