Journal of Rural and Industrial Development

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Linkage between Microfinance and Rural Development in India


Affiliations
1 Department of Commerce, Assam University (a central University), Diphu Campus Diphu, Assam, India
     

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The basic assumption of this paper is that rural development in India should not be seen as a package of specific needs but as a transformation of rural life and conditions of the country. In this paper, it is assumed that the term rural development means the overall development of rural areas on a sustainable basis. In this background, the paper attempts to explain the link between the microfinance services and the rural development. The paper also argues that microfinance is not a magic bullet for poverty reduction and rural development in India. The paper which is conceptual in nature is totally based on secondary data.

Keywords

Microfinance, Rural Development, Magic Bullet, Poverty Reduction
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  • Linkage between Microfinance and Rural Development in India

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Authors

A. Ibemcha Chanu
Department of Commerce, Assam University (a central University), Diphu Campus Diphu, Assam, India

Abstract


The basic assumption of this paper is that rural development in India should not be seen as a package of specific needs but as a transformation of rural life and conditions of the country. In this paper, it is assumed that the term rural development means the overall development of rural areas on a sustainable basis. In this background, the paper attempts to explain the link between the microfinance services and the rural development. The paper also argues that microfinance is not a magic bullet for poverty reduction and rural development in India. The paper which is conceptual in nature is totally based on secondary data.

Keywords


Microfinance, Rural Development, Magic Bullet, Poverty Reduction

References