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Role of Microfinance Institutions in Development of India

Role of Microfinance Institutions in Development of India

Amir Manzoor
Copyright: © 2018 |Pages: 18
ISBN13: 9781522552130|ISBN10: 1522552138|EISBN13: 9781522552147
DOI: 10.4018/978-1-5225-5213-0.ch008
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MLA

Manzoor, Amir. "Role of Microfinance Institutions in Development of India." Microfinance and Its Impact on Entrepreneurial Development, Sustainability, and Inclusive Growth, edited by Ramesh Chandra Das, IGI Global, 2018, pp. 138-155. https://doi.org/10.4018/978-1-5225-5213-0.ch008

APA

Manzoor, A. (2018). Role of Microfinance Institutions in Development of India. In R. Das (Ed.), Microfinance and Its Impact on Entrepreneurial Development, Sustainability, and Inclusive Growth (pp. 138-155). IGI Global. https://doi.org/10.4018/978-1-5225-5213-0.ch008

Chicago

Manzoor, Amir. "Role of Microfinance Institutions in Development of India." In Microfinance and Its Impact on Entrepreneurial Development, Sustainability, and Inclusive Growth, edited by Ramesh Chandra Das, 138-155. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-5213-0.ch008

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Abstract

The role and contribution of microfinance institutions (MFIs) is very important in development. Microfinance is a very important source of financial services for people and microenterprises that do not have easy access to banking and related services. The objective of this chapter is to assess empirically the impact of MFIs on development of India. This study aims to fill a gap in econometric assessments of microfinance institutions. Using data of MFIs operating in India and using savings of client as proxy for development, this chapter found empirical evidence for significant positive impact of microfinance institutions on development. While development in rural regions generally lags behind urban areas, this chapter found no statistical evidence for differences in the marginal impact of microfinance institutions subject to geographical positions. It can therefore be concluded that impact of MFIs on development in rural areas is positive and independent of environment.

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