@article{Sruthymol Joseph_2023, title={A RESEARCH ON THE IMPACT OF MICROFINANCE ON INDIA’S ECONOMIC DEVELOPMENT}, volume={8}, url={https://eprajournals.net/index.php/IJRD/article/view/2016}, abstractNote={<p><em>The Indian economy is characterized by a slow rate of development, a large rural population, an over-reliance on agriculture, a high rate of unemployment and poverty, among other factors. Some recently developed solutions, including micro financing, are playing a crucial role in helping to solve these issues. Microfinance plays a crucial role in the lives of small business owners and residents of rural areas. Rural residents have very limited access to institutionalized credit, thus microfinance acts as a blessing for them by helping them to resolve their financial issues. In a developing nation like India, microfinance is viewed as an instrument for socioeconomic advancement. It is anticipated to have a big impact on development and reducing poverty. The importance of microfinance in India’s economic development is highlighted in this study.</em></p>}, number={5}, journal={EPRA International Journal of Research and Development (IJRD)}, author={Sruthymol Joseph}, year={2023}, month={May}, pages={116–119} }