In this research paper an attempt is made to analyze the performance of microfinance Institutions by providing micro credits to living in abject poverty. Altogether 56,584 families in Mizoram are still living below poverty line which is 19.63 percent of total households of over 2.8 lakh, according to the BPL baseline survey 2016. The abject poor families have no access to formal financial products like saving, remittance, insurance. The utter poor families are in immense need of credits for which microfinance plays a vital role to make available this credit needs and motivate the poor households to increase their standard of living. This study intends to analyze how microfinance contributes to the development of micro enterprises in the area of Aizawl city. The abject poor families could start their own ventures in productive economic activities availing micro loans from the microfinance institutions. With the support of the microfinance institutions, the very poor families of the region can be start-up profitable economic activities which generate supplementary employment thereby eradicating poverty through increased income.
Cite this article:
Lalzuiliana. Performance Analysis of Microfinance Institutions in Aizawl City, Mizoram, India. Asian Journal of Management. 2021; 12(2):120-6. doi: 10.52711/2321-5763.2021.00018
Lalzuiliana. Performance Analysis of Microfinance Institutions in Aizawl City, Mizoram, India. Asian Journal of Management. 2021; 12(2):120-6. doi: 10.52711/2321-5763.2021.00018 Available on: https://ajmjournal.com/AbstractView.aspx?PID=2021-12-2-5
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