Global Journal of Business Management

Global Journal of Business Management ISSN 6731-4538 Vol. 3 (5), pp. 001-005, May, 2009. © International Scholars Journals

Full Length Research Paper

Micro finance and poverty reduction in India (A comparative study with Asian Countries)

Rajesh Kumar Shastri

Department of Humanities and Social Sciences, Motilal Nehru National Institute of Technology, Allahabad. E-mail: [email protected] or [email protected]. Tel.: +91-532-2271912, +91-9919020401.

Accepted 10 March, 2009

Abstract

The dynamic growth of the microfinance industry has been promoted not only by market forces but also by conscious actions of national governments, Non-Governmental Organizations (NGOs), and the donors who view microfinance as an effective tool for eradicating poverty. The powerful push behind this huge and increasing support for microfinance indicated that national economic and social impacts are significant and it needs to be examined more closely.