Comparative Study of Inclusive Growth:Economic Policy Reforms and Financial Inclusion in India

Abstract

Microfinance as a concept and as an issue has been perennially debatable, from the perspective of being a feasible, sustainable and progressive economic activity. This paper aims at studying the repercussions of microfinance, on the Individuals belonging to the low Income segment, with special reference to the globally successful economies and India in the Micro finance sector. The study involves an analysis of the efforts over the years by the Micro-economists and the Macro-economists to augment the escalation of the Low Income Group to the subsequent higher Income segment. This research paper examines whether the Economic Policy reforms over the years have been supportive for the growth of the Micro finance as a sector.