• Manjeet Poswal
• Priyanka Choyal

Micro Finance relies on the idea everybody should have access to financial bank. Micro finance is a systematic way for uplifting the poor and deprived by providing themselves employment opportunities and making them credit worthy. Micro finance institution has been able to bring about a lot of change in the lives of millions of poor low income household in terms of generation of self-employment, promoting income and saving, smoothing consumption and coping vulnerability. Many innovative institutional mechanisms have been development across the world to enhance credit to poor even in the absence of formal mortgage. Micro Finance Institution (MFIs) held to reduce the dependency of poor on in formal money market directly through the provision of micro finance. To pay a direct war against poverty and employment generation, govt. has introduced SHG programmer. In India micro credit programmers are run by primarily by NABARD in the field of agriculture and SIDBI in the field of Industry, service and business. The remarkable impacts of micro finance programmer lies in the improvement of the poor women as more than 90% recipient of micro credit are women. By accelerating women participating in income generating activities, micro credit has emerged as the most powerful driver of financial inclusion. The paper attempts to explain the link between micro finance services and the rural development. The finding of the study shown that micro finance has impacted positively on the rural poor by providing loans and advances for agriculture, investment opportunities, saving mobilization and credit delivery. Despite the achievement of micro finance in transforming the rural areas. They have been met with stiff difficulties like repayment problems, illiteracy among the poor or non- monitoring of micro and small enterprises by the micro financial institution. This paper will analyze micro finance in terms of how will it achieved its own goal: to reach the poorest population, to ensure a positive measurable impact on live of client and their families, to build financially self-sufficiently institution and to reach and empower women.

Micro Finance, Rural transformation, financial institution, rural credit, Women empowerment.

"ROLE OF MICRO FINANCE IN RURAL TRANSFORMATION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.896-904, June-2019, Available :http://www.jetir.org/papers/JETIR1906910.pdf

"ROLE OF MICRO FINANCE IN RURAL TRANSFORMATION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp896-904, June-2019, Available at : http://www.jetir.org/papers/JETIR1906910.pdf