PROGRESS OF MFI OPERATIONS DURING 2021-22 Micro Finance Institutions play a significant role in enhancing micro entrepreneurs especially women in rural area. MFI financial and non fianancial services offered were found unable to significantly empower disadvantaged poor women by improving their livelygood and development of their business. “Women are playing an increasingly important role in providing impetus to rural economy. MFI have extended financial help to the tune of R65,000 crore to more than 28 lakh through Self-Help Groups in 2021-22. This is four times the amount extended in 2014-15. The government has also provided training to thousands of members of the women self-help groups and made them partners as ‘Banking Sakhi’. These women are delivering banking services to rural households at the do...
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Important GST Changes in Union Budget 2023 The Union Budget , also known as the Annual Financial Statement , is typically presented to Parliament each year by the Indian government in February. The Union Budget is an important document that shows how much money the government will make and spend in th the coming year. It also contains several policy announcements about taxation, fiscal measures, and the distribution of fu funds to various areas like agriculture, health, education, and infrastructure. Economists, business leaders, and ordinary citizens alike pay close attention to the Union Budget, which is presented by by India’s Finance Minister and provides insi...