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Title: Micro Finance: Issues Challenges and Current Status in India

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Title:
Micro Finance: Issues Challenges and Current Status in India
Author Name:
Anu Garg
Abstract:
Past decades witnessed micro finance as a powerful tool to help low income group people residing below or just above the poverty line. But till today from its emergence this sector is an unorganized sector with low outreach according to requirement and potential. However government of India with NABARD and Self Help Groups played an active role in its growth and progress. But then to there are certain issue and challenges which need an attention by new government. This paper will give a view of different delivery models used to provide financial assistance. Outline certain emerging issues and challenges which act as stone on the path of growth and development of this sector. Furthermore the paper also highlights the present scenario of micro finance with respective to financial year 2013-14, And concluded by showing a path that if issues and challenges are eliminated the micro finance will certainly become a tool for economic growth of a country. KEYWORDS- MFIs, SHGs, NGOs, GLP, NBFCs,
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