Journal Press India^®

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Microfinance has emerged as a pivotal instrument for driving rural development, credited with empowering communities, fostering economic growth, and enhancing living standards. Microfinance institutions (MFIs) play a vital role in extending financial services to the underserved in rural areas, contributing to establishing and growing small businesses, asset building, and overall livelihood improvement. This paper explores the multifaceted role of microfinance in rural development, drawing evidence from its impact on poverty reduction, women's empowerment, employment generation, and economic growth.

Keywords

Microfinance, Rural Development, Poverty Reduction, Women's Empowerment, Employment Generation, Economic Growth.

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