Microfinance Industry Out of Macro Mess- Analysing Its Impact on Women Empowerment

Abstract

Micro Finance Institutions (MFIs) are uniquely positioned in reaching out to the very poor and hence play an important role in facilitating inclusion. It is mostly the poor people who do not gain access to credit from banks as they fail to convey that they can repay their loan promptly. Out of nearly six lakh villages in India only ten percentage of the villages have access to finance, thereby making India a country with highest number of households being excluded from banking arena