Micro finance is not simply banking but it is a development tool. It acts as a catalyst in the lives of poor. It has been recognized world over as one of the new development paradigms for alleviating poverty through social and economic empowerment of the poor, particularly women. There is a large gap in the demand and supply of the credit to poor in developing countries. Experiences of different anti-poverty and welfare programmes worldwide have also shown that ...
Impact of Global Financial Crisis on Indian Economy
The indebtedness of the states in India has been growing rapidly, its major cause being the high corporation of loans in the Central assistance for the plans. The states, particularly the backward states, encounter serious difficulties in servicing such loans. Several times, states are compelled to borrow for repayment of the principal and interest resulting in reverse flow of resources form the states to the centre. This trend has posed severe constraints before ...
