In Microfinance and Development in Emerging Economies, Nishi Malhotra argues that the financial services provided to low-income groups or individuals through microfinance and group lending outside the traditional financial system are the best way to combat these problems and address the economic exclusion that blights so many. Using India as a case study, Malhotra examines the Indian government's use of various social welfare programmes to increase both financial literacy and social equality and ultimately achieve sustainable development. Suitable for bankers, teachers, policymakers, and students, this book clearly identifies the practical and theoretical implications of this alternative microfinance model.
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