Micro Credit and Economic Development

Poverty captures the center stage of economic development discussion these days. The discussion has shifted its base from income generation and employment opportunity creation via infrastructural-building and industries propelled growth. But this approach of economic development has evolved itself into human capital-building via investment in education and health. The role of economic development is not only individual concerned who are suffering in absence of income and employment opportunity and are facing a very adverse life situation. The question of poverty thus becomes the concern of economic development strategy. The present book, discusses in detail these issues through its 34 articles focusing on various threads of micro financing and its regional experiences. Besides, there are also articles which depicts the weakness of the program in terms of lower quantum of capital input micro financing is providing and its low income generating capacity where even maintaining a living base is difficult. In such a situation the micro financing has created a dilemma among the poor and state has become a passive player in the whole game.