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ALLANA MANAGEMENT JOURNAL OF RESEARCH, PUNE - Volume 5, Issue 1, January 2015 - June 2015

Pages: 14-20
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Author: Dr. Sanjay Kaptan

Category: Financial Management


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'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.