IMPACT OF MICROFINANCE ON RURAL ENTREPRENEURSHIP IN INDIA

This research paper provides insights over the use of microfinance in rural enterprise in India for the years 2019-20 to 2022-23 and the support of NABARD in financing such institutions through loans, and analysing various factors of why the impact of microfinance is not well spread across various regions of India. It analyses how microfinance, the financial services provided to low-income individuals, contributes to rural regions entrepreneurship of India to develop through the various government schemes that is prevailing for the years of 2019-2023. It further goes on to evaluate the entrepreneurial institutions who received the most and the least microfinances through government schemes and region wise analysis of the number of microfinances provided through NABARD and the disparities and the reasons for such disparities in specific regions of India. The research paper, hence provides an overview of the performance of microfinance in the recent years and its impact on rural entrepreneurship,