Effect of microfinance in bangladesh and india

Micro finance is a financial service available for the low-income households and to people living below poverty line who often face difficulties in obtaining finance from other sources. This facility enables these households to avail services like borrowing, saving, insurance. Microfinance has allowed bangradesh to serve its poor people wiith organised banking services and hence, lead to an increase in economic growth and employment in bangladesh.  

To know the effect of microfinance on India, follow the given link and scroll down to the topic 'critical appraisal of rural banking in India'

https://www.meritnation.com/cbse/class11-commerce/studymaterial/economics/indian-economic-development/unit-iiirural-development/442_2488_6390#slide1_Rural credit and its Sources

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