Microfinance, a New Way for Financial Capital: A Case Study of Self Help Group in Thane| Chapter 10 | Current Aspects in Business, Economics and Finance Vol. 6

 The word "microfinance" has win widespread acknowledgment today and is frequently used to concern financially sustainable want reduction. However, few contend that by turning weak people into credit slaves, it makes their lives even more tricky. India has the largest number of clients connected with allure microfinance sector of some country in the world, so it is important to examine the quality concerning this expansion. Microcredit has happened blamed for suicides in India: Aggressive lending by microcredit parties in Andhra Pradesh is said to have developed in more than hundred end of life in recent years. Most of the weak are in deep trouble on account of these loans &Poor people are delivering suicides because of peer pressure of the organizations for compensation. Hence Few research studies suggested Micro-credit has happened changing population's lives and revitalizing communities.The beginning driving force behind this research search out comprehend and try the actual microfinance sketch, including its results, demands, and effects on the environments of individuals in the Thane district. The goal of this study search out propose the invention of a successful microfinance scheme that will benefit the poor in Thane. Need for MF research is due to the evidence that despite important growth of microfinance, more weak people in India (THANE) now than always before those are not getting stiff financial help. The researcher is interested to study SHGs offering in Thane Area. Microfinance in Maharashtra is still young industry.By seeing the challenges for MFIs, the article met on the need issues in implementation and impact. The paper utilizes dossier from a survey of clients, the Crisil table, and other MFI partners collected by the poet between 2016 and 2021 to test the affect the lives of people in Thane. Finally, an attempt is created using econometric techniques to outline the role of MF partnership in poverty relief in a specific area, professed a correlation betwixt income, diameter, SHG groups, MFI contribution, and poverty level in Thane. Another goad was the desire to investigate basic facts, evaluate bureaucracy, and provide various resolutions in MF.

Author(s) Details:

Smita Sudhir Jape,
Dr. V. N. Bedekar Institute of Management Studies, India.

Please see the link here: https://stm.bookpi.org/CABEF-V6/article/view/8794