Abstract
Indian economy is characterized by low rate of growth, dominance of rural population, heavy dependency on agriculture, adverse land mass ratio, highly skewed distribution of income and wealth beside, high incidence of poverty unemployment and poverty. The last two factors poverty and unemployment pose major challenges to the growth and prosperity of the country. To overcome this problem, some newly developed sectors like micro finance are playing a vital role. Microfinance has been considered a powerful tool to fight poverty through the provision of basic financial services including savings, insurance, credit and transfer of funds. The objective of microfinance institutions is to serve poor people and enable them to access credit and fight poverty. Against such improvements, the present study has been carried out to study of review literature in microfinance sector. Key words: Economy, India, Micro, Tiny, Finance
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