Micro Finance: A Tool to Socio-Economic Development

NICM Bulletin, 2003-2004

4 Pages Posted: 8 Jan 2007


A nation can be socially and economically strong only if none of their citizens are without work and basic necessities. Ideal position is practically impossible to derive for even the wealthiest country like USA. But any society itself should think and work that least of their citizens faces similar situation. Helping to reduce vulnerability poses a new set of challenges for public policy. As a part of social policy and support to micro enterprises, micro finance is a way to help out poor lot by bringing them in general lot. The paper discusses Micro Finance as socio-economic development tool.

Keywords: MICRO FINANCE, socio-economic development

JEL Classification: D00, E6

Suggested Citation

Sapovadia, Vrajlal K., Micro Finance: A Tool to Socio-Economic Development. NICM Bulletin, 2003-2004, Available at SSRN: https://ssrn.com/abstract=955470

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