MICRO FINANCE AN INSTRUMENT - CHALLENGES __ampersandsign DEVELOPMENT

Author: Dr. Sanjay Kaptan

Category: Financial Management

Abstract:

The concept of Micro Finance has revlutionized the system of credit especially for economically weak and financial neglected section of a society. Micro Finance is considered as a major breakthrough in the filed of Business Finance and economic development. Most of the developing countries and economically challeges societies are offered a yeoman__ampersandsign#39;s hand through Micro Finance.

Micro Finance though not in conventional term an economic and financial innovation but it really has worked as a wonder to improve the status of economic management and development of system in many regions. The idea has brought out a change in the entire system of developmental planning and economic philosophy.

In this paper the author has thrown light on certian key aspects of micro Finance.