摘要：Microfinance has not yet risen to the top of the priority list in the Indian financial sector. Despite this, India now possesses the necessary knowledge, capital, and technological resources to address these challenges, albeit not yet in a fully coordinated manner. Due to an improved business environment and an increase in economic growth, the delivery of financial services to poor people in India is expected to be particularly exciting in the coming years.When it came to established financial institutions in India and other parts of the world, there was a notable shortage of them. Traders and moneylenders were the only options accessible to the marginalized.As seen by the innumerable success stories of microfinance in India as well as in emerging and developed countries, there is little doubt that microfinance has immense potential to promote both economic and social development among the poor, particularly among the rural and urban poor. Not only does microfinance bring financial stability to those who are in desperate need of it, but it also promotes the idea of credit as a fundamental human right, something that should be available to everyone, regardless of their socio-economic situation..
