WINDS OF CHANGE IN MICRO FINANCE INSTITUTIONS
- Credit Rating Agency in India
- Industry Report
- WINDS OF CHANGE IN MICRO FINANCE INSTITUTIONS
Microfinance industry (MFI) is one of the most important paradigms of the Indian financial sector due to its grass-root coverage and its overarching vision of providing credit to the relatively unbanked sections of the society-but by no means un-bankable- thereby creating meaning and value in the lives of the people. It provides an opportunity to small enterprises and people at the lower strata of the society-what Prof. CK Prahlad famously called as the “bottom of the pyramid”. This transformative effort constitutes an integral part of the mainframe economics and the well-being of the overall society.