Financial Inclusion Through Micro Finance in India and Emerging Role of POSB: An Analysis
19 Pages Posted: 9 Aug 2010
Date Written: August 9, 2007
Since the opening up of the economy and reforms in the banking sector in India, rural finance is in back foot. To keep the momentum of the growth at present level India needs to serve the financial need of the excluded masses to bring them into the main stream of developmental process. This article examines the problems of formal banking in providing credit (micro) to the poor of rural and urban areas in the present era and suggests that the POSB can be used to cater the financial need of rural India where MFIs have very little presence in total demand of finance.
Keywords: Micro Finance, India Post, POSB, SWOT
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