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VOL. 7, ISSUE 2 (2025)
Microfinance as an Alternative Mechanism for Socio-Economic Development of Rural Communities: A Study of Chhattisgarh
Authors
Vinod Ahirwar, Dr. Amrendra
Abstract
Microcredit has emerged as a significant tool for poverty alleviation
in poor communities of developing countries, particularly in rural area of
Chhattisgarh. Poverty is one of the dangerous situations as it deprives
individuals of their basic needs of fundamental rights such as access to food,
shelter, education, good health, freedom of speech, and democracy—which are essential
for a better quality of life. It is not only the responsibility of the state or
central government but also of society as a whole to provide comprehensive
services that extend beyond mere credit facilities for the poor. Through this
research study Researcher emphasizes that education must be integrated into
every development agenda, as it is one of the keys to determinant emphasize
positive change and ensuring sustainable development of the rural population.
An integrated approach, combining microcredit services with education, can
provide a more effective solution to the challenges faced by rural and deprived
communities. Researcher has used both primary and secondary data sources, to
explore how education and microfinance, when used together, can contribute
significantly to poverty alleviation in rural India.
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Pages:103-107
How to cite this article:
Vinod Ahirwar, Dr. Amrendra "Microfinance as an Alternative Mechanism for Socio-Economic Development of Rural Communities: A Study of Chhattisgarh". International Journal of Management and Economics, Vol 7, Issue 2, 2025, Pages 103-107
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