Microfinance, a concept popularized by Muhammad Yunus, has growntremendously in India.
he growing understanding of achieving self sustainability among the ruraland urban poor has led to the acceptance and implementation of this ideaacross India
Any activity that targets poor and low-income individuals for the provisionof financial services, with the goal of creating social value.
Microfinance is an economic development approach that involves providing financial services through institutions to low income clients.
he range of activities undertaken in microfinance include group lending,individual lending, the provision of savings and insurance, capacity building, and agricultural business development services.