The Relationship between Microfinance Institutions and Group Lending Model in Uttar Pradesh, India

Microfinance is a mechanism for the development of the country with especially focusing on poor women in rural areas. Micro Finance has had several successful initiatives, including the range of outreach, as well as the development of innovative products and local institutions that reach out to marginalized communities. Micro finance has been accepted at the national policy level for poverty reduction. The present paper purports to examine the role of JLGs in microfinance in India. The paper is based on mainly primary data. The research design is descriptive. The data for the present study is based on a major research study on microfinance in the state of Uttar Pradesh conducted in 2019 by the researcher. Chi square test is used to know the level of significance. While many studies relate to microfinance, only a few studies have been conducted so far to assess the effect of JLGs. Against this backdrop, the present paper purports to examine the Relationship between microfinance institutions and group lending model in Uttar Pradesh, India. Reshu Goel | Dr. Megha Aggarwal "The Relationship between Microfinance Institutions and Group Lending Model in Uttar Pradesh, India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31385.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/31385/the-relationship-between-microfinance-institutions-and-group-lending-model-in-uttar-pradesh-india/reshu-goel