Microfinance for Macro-Development: An Analysis

Global Research Review, Volume 1, No. 1, December 2011

10 Pages Posted: 17 Nov 2012

See all articles by N. Ramu

N. Ramu

Annamalai University

Ashutosh Mishra

Brila Institute of Technology

Date Written: 2011

Abstract

Theoretically, Social Development is a qualitative change and restructuring of a country's economy in connection with economical and social progress. The main indicator of social advancement is an increasing per capita income reflecting an increase in the economic productivity, average material wellbeing and quality of life of a country's population. In recent times, microfinance is being considered as a tool to propel the economic activities and raise the income level of the poor, resulting in ultimate social benefits. With this backdrop, this paper attempts to analyse the relation between microfinance and social development of a region.

Keywords: Micro Finance, Social Development

JEL Classification: G21

Suggested Citation

Ramu, N. and Mishra, Ashutosh, Microfinance for Macro-Development: An Analysis (2011). Global Research Review, Volume 1, No. 1, December 2011, Available at SSRN: https://ssrn.com/abstract=2176791

N. Ramu (Contact Author)

Annamalai University ( email )

Annamalainagar
Annamalai University
Chidambaram, TN Tamil Nadu 608002
India

Ashutosh Mishra

Brila Institute of Technology ( email )

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