Microfinance for Agriculture and Rural Development

Abstract

The goal of microfinance is to give low income people an opportunity to become self-suffi cient by providing a means of saving money, borrowing money and insurance. The role of micro financing is Vibrant for social development as well as for the economic development of rural areas. Many steps to taken by government to bring in enough number of technologies in the rural areas for their implementation and use through micro financing for the overall development. Our nation has belongs to rural based. Therefore the nation development depends major part on rural economy. However, support of micro financing agencies including banks is not reaching at real part therefore, most of the developmental programmes ineffective and many a times they don't even take off. In the rural areas people are not much aware about the micro financial schemes and their benefits. Hence, in order to provide sustainable rural development and progressive poverty alleviation the role of micro financing agencies becomes an important in the context of current scenario. The present study has focusing toward the micro-finance and agriculture rural development .