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VOL. 11, ISSUE 5 (2025)
Assessing the impact of microfinance on poverty reduction in India
Authors
Dr. Qudsiya Akhtari
Abstract
Microfinance has gained increasing attention as a promising tool for
poverty reduction in developing countries, particularly in India. The concept
of microfinance, which involves providing financial services such as loans,
savings and insurance to the poor who are traditionally excluded from formal
banking systems, emerged as a response to the failures of traditional
development approaches in addressing poverty. Over the past few decades,
numerous microfinance institutions have been established in India with the aim
of empowering the poor by improving their access to financial resources. This
study aims to assess the impact of microfinance on poverty reduction in India.
It will explore how microfinance has been implemented and its effectiveness in
reducing poverty levels among its clients. Additionally, this study will also
examine any potential challenges or limitations that may hinder the success of
microfinance programs. The methodology used for this research includes both
primary and secondary data collection methods. Primary data will be collected
through surveys conducted among individuals or households who have received
microfinance services while secondary data will be obtained from existing
literature and reports on related topics.
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Pages:96-99
How to cite this article:
Dr. Qudsiya Akhtari "Assessing the impact of microfinance on poverty reduction in India". International Journal of Commerce and Management Research, Vol 11, Issue 5, 2025, Pages 96-99
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