Microfinance has been a tool of change for years, particularly for rural women, who are the primary recipients of micro-loans, but it is not just a tool to alleviate poverty. For years, microfinance has been a catalyst towards individual development
Microfinance, with its proven viability of business model and ability to reach even the most remote places, will continue to remain a relevant for a large percentage of the population.
The success of microfinance in India, a proven fact over the last few years, clearly reveals the viability of the business model followed across the country. Additionally it also has the ability to reach out to a large percentage of
For microcredit to work, some traditional tools like credit checks and collateral needs to be discarded if the system has to achieve some genuine benefits without seeming like charity.
It is important that the banking system understands how to provide microfinance without making it look like something short of charity. Not only has microfinance proved it is viable as a business model, it has also shown its capacity to
Microfinance loans can be a sector to pursue both financial inclusion and cashless economy since the sector has the potential to create significant empowerment and impact.
The fact that the country’s financial scene has changed since November 2016 is plain for all to see, since the government demonetized two high denomination notes and has been working on a digital India. With the focus more on cashless
