Linkage Between Microfinance and Rural Development in India
Published: 2013
Author(s) Name: A. Ibemcha Chanu |
Author(s) Affiliation: Assistant Professor (Sr), Department of Commerce, Assam University, Assam, India
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Abstract
The basic assumption of this paper is that rural development in India should not be seen as a package of specific needs
but as a transformation of rural life and conditions of the country. In this paper, it is assumed that the term rural development means
the overall development of rural areas on a sustainable basis. In this background, the paper attempts to explain the link between the
microfinance services and the rural development. The paper also argues that microfinance is not a magic bullet for poverty reduction and
rural development in India. The paper which is conceptual in nature is totally based on secondary data.
Keywords: Microfinance, Rural Development, Magic bullet, Poverty reduction
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