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An Analysis of the Development and Proliferation of Microfinance Institutions in Kerala with Detailed Insights

XIBA Business Review

Volume 6 Issue 2

Published: 2023
Author(s) Name: Remya Rani S. | Author(s) Affiliation: XIBA Centre for Research, St. Xavier College (Autonomous), Tamil Nadu.
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Abstract

The paper provides a comprehensive analysis of the development and proliferation of Microfinance Institutions (MFIs) in the Indian state of Kerala, offering detailed insights into the factors driving their growth and the implications for financial inclusion and socio-economic development. Through a combination of historical examination, and theoretical frameworks, this study elucidates the evolution of MFIs in Kerala and examines their role in addressing the financial needs of underserved communities.

Keywords: Micro Financial Institutions, Regulatory Issues, Challenges, Impact on the Economy

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