Microfinance Empowers Rural India, Revolutionizing Financial Inclusion
The article discusses how microfinance can help empower people and promote financial inclusion in India. It raises concerns about the efficiency of Microfinance Institutions in managing public funds and achieving policy goals. The authors suggest that these institutions need better financial management, technology, and social responsibility to improve. Non-Governmental Organizations have been effective in linking Self Help Groups with banks, but there is a need for more incentives for them to expand into underserved areas.