ROLE OF MICROFINANCE IN RURAL ENTREPRENEURSHIP DEVELOPMENT IN SELECT DISTRICTS OF TELANGANA STATE

Abstract

The influence of microfinance on the rise of rural entrepreneurship in specific Telangana State regions is examined in this research, with a focus on how microfinance services support rural people' opportunities for self-employment and economic empowerment. People without access to traditional banking services can get financial aid from microfinance institutions. Microloans, savings accounts, and training programs that teach people how to handle their money are the main ways this aid is given. Researchers looked at how microfinance helped business owners in rural areas start and grow their companies, how much money they made, and how much better their lives were overall. It takes a look at how well microfinance works in rural areas to help women start businesses, reduce poverty, and generate jobs. We use primary data collected from microfinance recipients and secondary data gathered from institutional reports to assess the impact of microfinance services on the growth of entrepreneurs. The results show that microfinance is helpful for rural development, self-sufficiency, and financial inclusion in Telangana State.