TY  - JOUR
T1  - Effectiveness of Microfinance Institutions on Rural Poor Households and its Impact on
Reduction of Poverty: A Tool for Socio Economic Development in Rural India
AU - Madan, Manish 
JO  - Research Journal of Applied Sciences
VL  - 15
IS  - 1
SP  - 1
EP  - 9
PY  - 2020
DA  - 2001/08/19
SN  - 1815-932x
DO  - rjasci.2020.1.9
UR  - https://makhillpublications.co/view-article.php?doi=rjasci.2020.1.9
KW  - rural poor households and rural
KW  -poverty reduction
KW  -microfinance
KW  -Impact
KW  -growth
AB  - The main aim of the study to understand the
socio economic factors of rural poor households that leads
to lending of funds from microfinance institutions, to
analyze the impact of microfinance on the income of rural
poor households living in villages of Gurgaon district in
Haryana. The study also investigates the importance and
role of microfinance in the reduction of poverty among
the rural poor households of Gurgaon district. This study
investigates the socio economic growth of microfinance
sector among the rural poor households living in the
villages of the Gurgaon district of Haryana and also the
framework of microfinance programs for rural poor
households. To cater the need of the research, the
researchers have used primary data through selfconstructed
structured questionnaire and as far as the
secondary data is concerned that was obtained from
various reports, web sites and journals, etc. The study is
exploratory in nature and studied using panel and pooled
data. A systemized and organized study was done to reach
the desired objectives of the study. The responses
obtained from the respondents, i.e., villagers from 50
villages of Gurgaon district in Haryana using various
statistical techniques. Purposive and Judgment sampling
technique was used to gather data from the respondents.
SAS (Statistical Analysis Software) Version 9.2 and SPSS
Version 21 are used for data analysis which includes
regression analysis, OLS regression model, Logit and
Probit models of regression. The significance of this study
is that it focuses on exploring the Socio Economic Growth
of Microfinance Sector in India and framework of
Microfinance Programme in Rural Poor Households of
India and understanding the socio economic factors of
rural poor households leading to lending of funds from
microfinance programs.
ER  -