Socio-economic impact of microfinance: A study on neighbhourhood groups (NHGs) in Nilambur Block of Malappuram District, Kerala
Around the world, provision of microfinance is becoming a mainstay development intervention for poverty alleviation and empowerment of the poor. Microfinance involves the provision of thrift, credit and other financial services and products of very small amount for enabling the poor to raise their income levels and improving living standards.