Abstract
Globally, over a billion poor people are still without access to formal financial services and some 200 million of them live in India. Among total Indian population of 1027.10 million, women constitute 495.73 million. Therefore, “women constitute nearly 50 per cent of population, perform two-thirds of the work and produce 50 per cent of food commodities consumed by the country Micro finance the provision of a wide range of financial services to the poor on a sustainable basis has proved to be immensely valuable. There are so many schemes for the upliftment of poor in India. Within the spectrum of lower-income population who lack access to financial services, a distinction can be drawn between the extremely poor and the economically active poor. Large commercial banks often have an extensive network of branches, frequently covering all major cities in a country. Banks can take advantage of the cities that prove suitable for microfinance by venturing into this market and thus benefiting from their long-time presence in the area.
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