New Era

Micro finance has assumed a greater importance in view of the growing demand of credit in the rural area. Rural mass are deprived of the opportunity to avail the credit from the a banks since the quantum needed is very less. an this context many micro financing institutions came in to operation in the rural areas promoted by the Non Governmental Organizations to cater to the need of these downtrodden lot. Savings pooled from the area along with the funds raised form other sources like banks are deployed to these people at an affordable interest rates and the end use is monitered for economic development .