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Project Description : India is one of the most populated countries in the world currently with 1.4 billion citizens. Reason being unawareness, illiteracy, avoidance or disinterest; in turn leading to economic downfall and almost 10-15% of the people are under the Below Poverty Line (BPL). These people are not even able to meet their consumption need. Therefore there is a need of a tool that not only serves them but also make them self capable, Microfinance is such an approach that would result in the better standard of living for them. The objective of this study is to get an overview of Microfinance Industry in India, finding out the need of microfinance by poor, different types of micro financial products are available to the poor their supply and demand and to know the initiatives taken by SBI, the largest Public Sector Bank in India. for meeting the financial need of poor as well as to find out where they are lagging in fulfilling their need and how to overcome this issue.
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