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What is Types of Microfinance Institutions in India about?

There are four main types of microfinance institutions operating in India: joint liability groups, self help groups, the Grameen Bank model, and rural cooperatives. Joint liability groups consist of 4-10 individuals who take loans against mutual guarantees. Self help groups are informal groups of small entrepreneurs who generate common funds. The Grameen Bank model provides loans to the extremely poor but has not been fully successful in India. Rural cooperatives were set up to pool resources but only serve

Author

Dr. MURALI KRISHNA VELAVETI

Language

EN