Issues   /  ISSUES 12 VOLUME 30 2025 (OCTOBER- DECEMBER)   /  Article

Microfinance Institutions and Contributions to The Indian Financial Inclusion

Research Paper

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Keyword :-
Microfinance Institutions, Indian Economy, Micro Credit, Financial Independence, Financial inclusion

Author 1 :- Saurabh Harkut ( Research Scholar )
Author 2 :- Dr. Junaid Hassan ( Assistant Professor )

Financial inclusion is becoming a new approach to boost the economy that is very important for getting rid of poverty in the nation. Banking services are becoming available to everyone, including both rich and poor people, at prices and terms that are fair. However, some people in underdeveloped economies still don't have access to financial services. Microfinance institutions are particularly important for closing the gap. Financial inclusion is a key goal for the nation when it comes to economic progress and the advancement of society. It helps close the gap between the affluent and the poor. In the present context, financial institutions serve as the fundamental foundations of progress, economic growth, and the development of the economy. The current research is to investigate the influence of microfinance on financial inclusion within the economy. Secondary data has been used to analyze the influence of microfinance organizations in India. The study's results were encouraging, showing that microfinance institutions have a big effect on financial inclusion