On Microfinance-led Socioeconomic Change: Inferences from Field Data
Published: September 2018
Government and non-government agencies in India are working towards empowering people at the grassroots through the provision of microfinance. Self-help groups have emerged as instruments of change for poor people (women in particular) trying to solve their problems collectively with financial assistance or through commercial activities. Detailed data are examined on the impact of microfinance-led inclusive socioeconomic change based on the social systems in the state of Gujarat. Microfinance plays an important role in sustainable economic development in India.