Article : Challenges Of Microfinance Sector In India

Title

Challenges Of Microfinance Sector In India

Author

Dr. Sanjay Nandal

India has numerous strengths and can become the principal supplier of skilled workers to developed countries with ageing societies experiencing acute labor scarcity. Thus this prevailing Indian Diaspora and concrete efforts towards reduction in social and economic disparities can work as a prospective catalyst for the smooth transition of India into a world economic power. There is an evolving need to overpass the rural urban divides in a time-bound manner failing which there could be serious unfavorable implications for the Indian economy, society and polity. This rural –urban divide and inclusive growth of citizens of India can be achieved by providing finance to people when they require it. The present paper discusses the various challenges faced by microfinance sector to reach profitably to the grassroots level.

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