Microcridit in India: Bottlenecus & Way Forward

On 21 August, 2019 a report on the micro-credit culture in India highlighted certain flaws in microcredit transactions which have led to reduced outcomes in the lives of its beneficiaries in a meaningful way.

Microcredit

It refers to the granting of very small loans to poor borrowers, to enable them for self-employment and to strengthen their businesses. Loans given as microcredit are often given to people who may lack collateral, credit history, or a steady source of income.

Need of microcredit

  • Poor live outside the ambit of formal economic institutions.
  • Small loans provide them an access to the larger economy and give ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Public Policy