Abstract: Economic enabling environment entails the inclusive financial system. Though there is widespread of Jan dhan Yojana but penetration of microfinance in Madhya Pradesh (MP) to large population is still not taken place and huge population is below poverty line and financially excluded. This research paper emphasize on potential significance to promote microfinance in poverty eradication and aim to critically evaluate the present state of microfinance in MP. The basis of this article is the investigation of ongoing microfinance programme which are facing challenges of low growth and from various reports like Reports of Nabard, RBI, Status of Microfinance, SLBC, World Bank, journals, insights of microfinance experts, books, websites et cetera to examine to such degree that result of research could address root cause of the problem and identify the issues which retarded the growth of microfinance a developmental tool. The findings are that Government sponsored microfinance programmes are showing slowdown in comparison of private players and prime reasons are external and internal environmental issues. Call of action is that given the size and potential importance of microfinance programme in poverty eradication and promotion of micro enterprises the researcher should explore the innovative ways of its growth. For policy framers, this imperative role is to facilitate microfinance programme by integration of external & internal environmental factors state wise in policies is apparent is this research.
Keywords: Microfinance, Poverty, Microfinance Clients, Growth, Madhya Pradesh.
Title: Microfinance in MP- A Critical Evaluation of Current Status
Author: Dr. Aradhana Chouksey, Dr. Yamini Karmarkar
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
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