The Influence of Microfinance in Rural Women Folk Development of Kamareddy District (Telangana State)

Balkishan Somannagari; Prof Yeluri Ashok Kumar

Volume : IX, Issue : VIII, August - 2020

The Influence of Microfinance in Rural Women Folk Development of Kamareddy District (Telangana State)

Balkishan Somannagari, Prof Yeluri Ashok Kumar

Abstract :

Microfinance is the provision of loans and other financial services to the poor. The microfinance has evolved due to the efforts of committed individuals and financial agencies to promote self-employment and contribute to poverty alleviation and provision of social security. By this study, it is finalized that the rural women development is definitely improved through the support of microfinance. It is distinguished that the Self Help Groups also provide the expected benefits to the rural women folk if training is given on different developmental activities. Most of the microfinance institutions in India attempt to go beyond savings and credit groups to provide microfinance services in the form of savings and insurance.