Utility or Futility of JLG Model of Micro-Financing with Special Reference to Annapurna Pariwar – Pune

Availability of enough funds and its easy access to poor is one of the pre-requisites for the growth and development of any developing nation. Financial Institutions play a great role in smooth flow of funds from savers to borrowers. But when majority of the population is deprived of this benefit, then it becomes a serious issue for all. This problem is on an alarming scale in India. Even today majority of its population has no easy access to credit from the formal sources. This shows that India has a long path ahead in achieving the objective of complete financial inclusion of the citizens.