Role of Microfinance as a Credit Market Instrument in the Development of Sme’s in Kashmir Division

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dr._suhaila_sikeen_khan
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Dr. Suhaila Sikeen Khan
Dr. Suhaila Sikeen Khan

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GJMBR Volume 21 Issue C2

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C: FINANCEQPZV7

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Microfinance refers to small savings, credit, insurance and remittance services extended to socially and economically disadvantaged segments of society. It is the provision of financial services to low income, poor and very poor self-employed people. These financial services generally don’t include savings and credit but also include other financial services such as insurance and payment services. Further, microfinance is a deliberate attempt made by the credit markets to improve the access to small deposits and loans for poor households neglected by major financial institutions. Microfinance institutions do not require any collateral for their loans. In fact these MFI’s create incentives for each individual within the group to repay their loans.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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dr._suhaila_sikeen_khan. 2021. \u201cRole of Microfinance as a Credit Market Instrument in the Development of Sme’s in Kashmir Division\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 21 (GJMBR Volume 21 Issue C2): .

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GJMBR Volume 21 Issue C2
Pg. 33- 39
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: JEL Code: G21
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v1.2

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March 19, 2021

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English

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Microfinance refers to small savings, credit, insurance and remittance services extended to socially and economically disadvantaged segments of society. It is the provision of financial services to low income, poor and very poor self-employed people. These financial services generally don’t include savings and credit but also include other financial services such as insurance and payment services. Further, microfinance is a deliberate attempt made by the credit markets to improve the access to small deposits and loans for poor households neglected by major financial institutions. Microfinance institutions do not require any collateral for their loans. In fact these MFI’s create incentives for each individual within the group to repay their loans.

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Role of Microfinance as a Credit Market Instrument in the Development of Sme’s in Kashmir Division

Dr. Suhaila Sikeen Khan
Dr. Suhaila Sikeen Khan

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