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IS MICRO FINANCE COMPANY REALLY WORKING AS BLOOD OF INDIAN ECONOMY

Created by : RAVI TAKKAR, MBA/PGDM student, Niilm Centre For Management Studies, New Delhi  | 04 27 2010 14:23:53 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : exactly
Activity:  355 views;  last activity : 12 28 2010 14:48:08 +0000
NO doubt -they have gud future in india n growing day by day with high peace of growth.Microfinance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas. These financial services are meant to help them in undertaking economic activities,  increasing savings and supporting self-empowerment. There are a number of microfinance companies in India, which play some pivotal roles to the development of India alos play a biggy part in indian econmy growth by  giving help the people of our country
NO doubt -they have gud future in india n growing day by day with high peace of growth.Microfinance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas. These financial services are meant to help them in undertaking economic activities,  increasing savings and supporting self-empowerment. There are a number of microfinance companies in India, which play some pivotal roles to the development of India alos play a biggy part in indian econmy growth by  giving help the people of our country.
  
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Micro Finance companies are taking much interest and they are giving pain to farmers livehood as interest goes on year after year
By Anup.Mehta , Audit Manager, Maersk Line  | 12 28 2010 14:48:08 +0000
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yes. BUT with huge profit.
By vijayasaravanan , Partner, MS Contractors and Amway Business Owner  | 12 28 2010 12:59:37 +0000
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Microfinance organisations are working for the benefit of poor..where they get loans on a minimal documentation,products are designed as per the poor customers requirements...i think MFIs are doing a great job for social cause.
By Shilpa Jadhav, Regional Head HR , microfinance  | 12 28 2010 12:04:49 +0000
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Simply because the poor will not have to go to local moneylenders and pay huge interest.Being in debt, sometimes lifelong and for generations is the cause for social backwardness. Not to mention the evils like bonded labour,farmer suicides
By Bhavani Janakiram, Freelancer, ITES / BPO / Customer Service  | 12 28 2010 09:09:14 +0000
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Dear friends,
NO doubt -they have gud future in india n growing day by day with high peace of growth n u can say they not only work as a blood in indian economy but they really act as heart of it .They are actually  financial institutions that offer small-scale services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas. These financial services are meant to help them in undertaking economic activities,  increasing savings and supporting self-empowerment. There are a number of microfinance companies in India, which play some pivotal roles to the development of India alos play a biggy part in indian econmy growth by  giving help the people of our country.

NO doubt -they have gud future in india n growing day by day with high peace of growth.Microfinance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas. These financial services are meant to help them in undertaking economic activities,  increasing savings and supporting self-empowerment. There are a number of microfinance companies in India, which play some pivotal roles to the development of India alos play a biggy part in indian econmy growth by  giving help the people of our country.
By RAVI TAKKAR, MBA/PGDM student, Niilm Centre For Management Studies, New Delhi  | 04 27 2010 14:23:53 +0000
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i think micro finance company not doing asny sustanable livelihood process for villagers then how a borrower will enable to repay loan one after another thaz why i think itz not benificial
By RAVI TAKKAR, MBA/PGDM student, Niilm Centre For Management Studies, New Delhi  | 04 27 2010 14:38:53 +0000
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plz guys support ma idea either in favour or in unfavour
hi mam, sry to interept u mam but hope u understand my feeling here . Wat u r talking  here i think the idea u r given here is only benifincial only in case of when the all doors of getting money colse although m satisfy with ur view that business...
i think micro finance company not doing asny sustanable livelihood process for villagers then how a borrower will enable to repay loan one after another thaz why i think itz not benificial
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