Part of the India Studies in Business and Economics book series (ISBE)


This chapter begins with a generic introduction to the concept, definitions and objectives of microfinance. With this description as a prelude, the author cites how microfinance as a concept, emerged in the global and Indian markets. The competing thinking frames that underpinned a paradigm shift in Indian microfinance initiatives, from the government subsidized credit delivery mechanisms to the specialized private financial intermediaries called microfinance institutions (MFIs), are portrayed in this chapter. Against this backdrop, the sustainability challenges and issues faced by Indian MFIs are surveyed, to draw the aim and objectives of the research investigation undertaken in this book. The author concludes this chapter by describing how she plans to pursue and present this research investigation in the subsequent chapters of this book.


Interest Rate Commercial Bank Credit Union Microfinance Institution Financial Access 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer India 2014

Authors and Affiliations

  1. 1.School of Management & Labour StudiesTata Institute of Social Sciences Centre for Social EntrepreneurshipMumbaiIndia

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