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@article{192206,
        author = {Dr. Bellulli Kotresha},
        title = {Evaluating the Impact of Microfinance Institutions on Enhancing Economic Conditions in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {9},
        pages = {1316-1323},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=192206},
        abstract = {The microfinance institutions (MFIs) have become an effective instrument towards alleviating poverty and economic empowerment especially in the third world countries. This paper reviews how MFIs have been influencing betterment of economic status of low-income communities with respect to contribution to financial inclusion, entrepreneurship, and alleviation of poverty. MFIs make people in the marginalized groups of society available to credit, savings, and insurance, which allow them to undertake income generating activities thus leading to sustainable economic growth. The study is a mixed-method one, as quantitative data provided in surveys is supplemented by qualitative information consisting of interviews with MFI clients and industry professionals. The analysis also spans a wide variety of microfinance models, including both group lending programs and individual lending programs, and evaluates their success in terms of the growth of income, development of the business, and social mobility. The major conclusions are that even though MFIs have made an important contribution towards the provision of marginalized populations with financial access and economic stability, issues like excessive interest rates, poor training, and access to more substantial sums of money, still persist. The paper also indicates that policy interventions are necessary to increase the sustainability of the MFIs and their capacity to expand their influence. The results highlight the fact that MFIs are a vital part of entrepreneurship and that the existing models can be enhanced to position them in a better place to serve low-income communities.},
        keywords = {Microfinance, India, Economy, Growth, Stability, Individuals, Income.},
        month = {February},
        }