Microfinance in India boosts economic development and financial inclusion.
The article discusses how microfinance helps include more people in India's financial system, especially those in rural areas. It compares microfinance institutions to traditional banks and shows how they benefit society and the country's economy. Microfinance plays a crucial role in uplifting the poor and rural populations, leading to economic growth. It emphasizes the importance of supporting these populations to achieve financial inclusion and overall economic development.