Microfinance is defined as the provision of thrift (savings), credit and other financial services and products of very small amounts to the poor for enabling them to raise their income levels and improve living. The major financial services, to name a few, provided by these microfinance institutions are loans, savings, insurance, remittance, pensions, financial counseling and risk mitigation products.
Role of Microfinance in the Growth of Rural India
Posted by 365businessdays under ManagementFrom http://www.365businessdays.com 4963 days ago
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