Author(s): Malarchitra Radhakrishnan, Sasirekha P
Microfinance is a form of financial assistance that supports the economic development of weaker sections of society by providing fund generation services.. Micro credits provide financial services to this section in order to assist and encourage the women entrepreneurs to start up their own businesses. Microfinance aims to provide financial services to entrepreneurs in order to stimulate their growth low income customers greatly rely on microcredit to meet the financial requirements for their livelihood as well as for their entrepreneurial activities... The NBFC-MFIs are also burdened with challenges from borrowers, the Government and similar financial institutions related to policy procedures and other regulations relating to their operation and administration. NBFC-MFIs assist the Indian economy to reach its maximum potential and gain greater efficiency by performing their tasks more efficiently. Further, they do not limit their activities to micro lending only, but also educate the borrowers on how to utilize the funds effectively. The study attempts to learn more about the microfinance activities carried out by NBFC-MFIs to promote the micro entrepreneurs.