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What is Microfinance Growth in India: Market Insights about?

Microfinance in India started in the 1980s with the formation of self-help groups to provide financial services to underserved communities. It has since grown significantly, with the current market estimated at Rs. 480 billion. Microfinance is seen as an innovative approach to lending that can help address rural indebtedness. Major banks and international organizations have partnered with microfinance institutions to expand access to financial services for millions of Indian households.

Author

Siddhartha Bothra

Language

EN