International Journal of Innovative Technology and Research
Abstract
In India, microfinance is generally understood but not clearly defined. For instance, if an SHG gives a loan for an economic activity, it is seen as microfinance. But if a commercial bank gives a similar loan, it is unlikely that it would be treated as microfinance. With financial inclusion emerging as a major policy objective in the country, Microfinance has occupied centre stage as a promising conduit for extending financial services to unbanked sections of population. At the same time, practices followed by certain lenders have subjected the sector to greater scrutiny and need for stricter regulation. The principle Objective of this study is to whether the loans made available through Microfinance are useful for the purpose of occupation and whether the income levels, standard living and nutrition has increased or not. This study draws the effective result from the study conducted at selected villages of Ranga Reddy district of then Andhra Pradesh state
