Microfinance In North Eastern Region of India.

Abstract

In a country like India, micro-finance can play a fundamental role in providing financial services to the poor and low income individuals. The importance of micro-finance in the developing economies like India cannot be undermined, where a large size of population is living under poverty and large number of people does not have an access to formal banking facilities. With states in North eastern region of India considered to be most straggle as compared to other states. The present paper aims at identifying the inter-state variations among the North-eastern states in case of savings, loan disbursements, and loan outstanding to SHGs and the benefits and challenges associated with microfinance.