Microfinance as a Measure of Poverty Alleviation- A Survey of Longding District of Arunachal Pradesh

Khugang Moses Wangsa, Dr. Amrendra Kumar
Microfinance; Poverty Alleviation; SHG; Rural Development.
The supremacy of microfinance services emerges from the fact that the various financial services and its other allied complementary non-financial activities that the micro financial institutions deliver are friendly and reliable for the poor individuals. Similarly, another significant essence of microfinance institution is that, in the process of delivering microcredit services it is generally the micro finance institutions that reach out towards the door steps of the poor clients, instead of the poor individuals arriving at the gateway of the financial institutions seeking for assistance. The outcome of microfinance services on poverty alleviation has been measured on the basis of multiple dimensions such as increased in income of the family, improvement in the living standards, increase in family expenditures, rise in socio economic status, advancement in children’s education etc. Hence, though many studies supported that role of microfinance in achieving the long term goal of poverty alleviation, the main challenge in order to draw a proper conclusion is to obtain reliable data for better analysis and understanding.
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Received : 02 November 2021
Accepted : 02 February 2022
Published : 08 February 2022
DOI: 10.30726/ijmrss/v9.i1.2022.91003