To study the Role of Microfinance Institutions in Enhancing Financial Inclusion and Economic Development

Abstract

This study examines the role of Microfinance Institutions (MFIs) in promoting financial inclusion and fostering economic development. Financial inclusion, which refers to the accessibility and utilization of affordable financial services by all sections of society, has become a crucial instrument for poverty alleviation and sustainable economic growth. By extending financial services to low-income households, small entrepreneurs, and underserved communities, MFIs contribute significantly to improving financial accessibility and empowering economically marginalized groups.