A Case Study on Informal Micro Financing Houses among The Apatani Tribe in Twin Capital Cities of Arunachal Pradesh

Micro-financing is seen as the indubitable discovery in the field of economic literature ever a man had made. It is an attempt made to probably intercourse finance with philanthropy which is envisioned to bestow myriad of the financial services to low-income clients. It is envisioned to hold out high quality financial services, including not just credit but also savings, insurance and fund transfers in one hand and eradicate poverty in other hand. In context of the micro-financing in India, non-formal micro-financing houses among Apatani tribes of the Arunachal Pradesh deserve special mention. It has been an active agent rendering commendable services to its member in particular and foster socio-economic development of the state in general. Benefits of this system is not only limited to its members but also extend to non-members as well. In addition, these funds houses are also not less than or otherwise help in cementing relationship with outsiders (customers) and promote social security to its members. It has been constantly polishing the socio-economic structure and holding out a new and promising looks to the state in its entirety. In this paper an attempt is made to discuss general overview on micro-finance in India. The paper also endeavours to discuss the governance and significance of non-formal micro financing houses among Apatanis in the twine capital cities of Arunachal Pradesh. Moreover, it makes an effort to analyse cash outflows of non-formal micro financing houses among Apatanis in study area.