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Microfinance and Inclusive Growth

Microfinance and Inclusive Growth

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India's performance in recent years has been among the best in the world. Growth may be higher in the last two decades but inclusive growth or equitable development has been missing. India's development agenda will need to be expanded to include not only the eradication of extreme poverty, but an inclusive growth strategy to address the legitimate concerns of he population. Poverty alleviation with micro credit is now well recognized all over the world. Gender discrimination continues to be an enormous problem within Indian society. The role of women in the India’s economic growth and development is inevitable. Empowerment is a multi-dimensional social process that helps people gain control over their own lives communities and in their society, by acting on issues that they define as important. The micro finance project intervention in terms of formation and stabilization of SHGs for extending credit support and promotion of thrift to promote viable economic activities. Self-help groups and Micro-finance are very closely linked, in that the former is used as a medium to generate and distribute financial capability so as to help deprived people to move up the income ladder.
Impact Study of Self-Help Groups on Women in India