Journal of Network and Information Security

2013 | Volume 1 | Issue 2

Linkage Between Microfinance and Rural Development in India

1. A. Ibemcha Chanu – Assistant Professor (sr), Department Of Commerce, Assam University, Assam, India

Received
24-Nov-2013 		Accepted
- 		Published
24-Nov-2013
Abstract
The basic assumption of this paper is that rural development in India should not be seen as a package of specific needs but as a transformation of rural life and conditions of the country. In this paper, it is assumed that the term rural development means the overall development of rural areas on a sustainable basis. In this background, the paper attempts to explain the link between the microfinance services and the rural development. The paper also argues that microfinance is not a magic bullet for poverty reduction and rural development in India. The paper which is conceptual in nature is totally based on secondary data.
Keywords Microfinance, Rural Development, Magic bullet, Poverty reduction
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