Micro Finance in India Issues and Suggestions

Historically, micro finance in India can be traced back to Self Help Group - Bank Linkage Program (SBLP) which was started as a pilot project in 1992 by National Bank for Agricultural and Rural Development (NABARD). Later, the SBLP proved to be successful for building financial and technological capabilities in rural India . In the late 1990s, micro finance gained prominence when Reserve Bank of India (RBI) recognized it as a new paradigm with immense potential to grow. Micro finance is known for promoting financial inclusion in the country. (For read more click on magazine)