Empowering Women Through Micro Finance- A Nbfc Approach
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 9
Abstract
Micro finance is a tool for socio -economic development of people. It helps the women to start or engage in self employment project which further allows them to generate income, built wealth and exit from poverty. But the accessibility of credit is the main problem faced by women especially women from the rural areas. Of course the banking sector in India has been making fforts to enhance financial inclusion with the active guidance and support from the government and RBI. But a significant proportion of the households especially in the rural areas remain outside the coverage of the Indian formal banking system. These credit gap left by the banks in India are filled by the Non Banking Finance Companies. They can play a significant role in supporting and complementing the financial inclusion efforts of the banking sector. In this context Muthoot Mahila Mitra is a micro finance scheme of Muthoot Fin Corp, an NBFC registered under RBI as a Systmatically Important Non Deposit taking NBFC. It plays a significant role in the socio economic development of women through their micro finance schemes.
Authors and Affiliations
Manu M
Keywords
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- EP ID EP412866
- DOI 10.9790/487X-2009051826.
- Views 91
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