A Study on Role of RBI in Promoting Micro Finance

13 Pages Posted: 17 Feb 2014

See all articles by Y.Chitra Rekha

Y.Chitra Rekha

Audisankara College of Engineering & Technology

C. S. Sai Prasad Reddy

Narayana Engineering College; Andhra Pradesh Mahila Abhivruddhi Society

Date Written: February 5, 2014

Abstract

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. The central bank has to perform a wide range of promotional functions to support national objectives and industries. One of the promotional function is micro finance. Micro finance is touted as the big thing that can alleviate rural poverty. Micro finance covers a broad range of financial services including loans, deposits and payment services and insurance to the poor and low-income households and their micro enterprises. In this paper we made an attempt to explain how RBI promoting micro finance and its role in gradual growth in this sector.

Keywords: Reserve Bank of India (RBI), micro finance, promotional functions.

Suggested Citation

Rekha, Y.Chitra and Reddy, C. S. Sai Prasad, A Study on Role of RBI in Promoting Micro Finance (February 5, 2014). Available at SSRN: https://ssrn.com/abstract=2391300 or http://dx.doi.org/10.2139/ssrn.2391300

Y.Chitra Rekha (Contact Author)

Audisankara College of Engineering & Technology ( email )

Andhra Pradesh
India

C. S. Sai Prasad Reddy

Narayana Engineering College

Andhra Pradesh
India

Andhra Pradesh Mahila Abhivruddhi Society ( email )

Hyderabad, Andhra Pradesh
India

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