International Journal of Leading Research Publication

E-ISSN: 2582-8010   •   Impact Factor: 9.56

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Monthly Scholarly International Journal

Call for Paper Volume 7 Issue 7 July 2026 Submit your research before last 3 days of to publish your research paper in the issue of July.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 7 Issue 7
July 2026

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Microfinance and Sustainable Livelihood Development in Rural India

Author(s) P. M. Shiva Prasad
Country India
Abstract Microfinance has emerged as an effective instrument for promoting financial inclusion and improving the socio-economic conditions of rural households in India. By providing financial services such as microcredit, savings, insurance, and remittance facilities to low-income individuals who lack access to formal banking institutions, microfinance contributes significantly to sustainable livelihood development. Sustainable livelihoods refer to the ability of individuals and households to generate adequate income, manage risks, and improve their quality of life without compromising future opportunities. In rural India, microfinance has played a crucial role in promoting self-employment, encouraging entrepreneurship, empowering women, and reducing poverty.

This study examines the role of microfinance in fostering sustainable livelihood development in rural India. The research is conceptual and descriptive in nature and is based on secondary data collected from journals, books, government reports, and other academic sources. The study highlights that microfinance facilitates income generation, enhances financial independence, improves access to education and healthcare, and strengthens social and economic resilience among rural communities. However, challenges such as high indebtedness, limited financial literacy, inadequate outreach, and regional disparities continue to affect the effectiveness of microfinance initiatives.

The study concludes that microfinance can significantly contribute to sustainable rural development when supported by effective policies, financial literacy programmes, and inclusive institutional frameworks. Strengthening microfinance services can create long-term livelihood opportunities and improve the overall well-being of rural households in India.
Keywords Microfinance, Sustainable Livelihood, Rural Development, Financial Inclusion, Self-Help Groups, Poverty Alleviation, Rural Entrepreneurship.
Field Mathematics > Economy / Commerce
Published In Volume 6, Issue 9, September 2025
Published On 2025-09-06
View / Download PDF File

Share this



CrossRef

IJLRP's Crossref DOI prefix is
10.70528/IJLRP

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 7 Isu 6 Cover Page Vol 7 Isu 5 Cover Page Vol 7 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJLRP
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics 		Join as a Reviewer
Editors & Reviewers
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijlrp.com