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Impact of Microfinance on the Social Status of Beneficiaries
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This study deals with the low-income group people in Indore district and tries to find out how microfinance helps in increasing their social status, based on primary data collected from 500 respondents. The results reveal that the rate of interest and easy availability of microfinance services had positive impact on social status of microfinance users. This paper acknowledges the fact that social status of low-income group improves after they take recourse to microfinance services.
Keywords
Beneficiaries, Microfinance, Social status.
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