21st Century Banking Technologies in Micro Finance Banks.

Abstract

Microfinance is the primary method for decreasing poverty in most emerging economies, including India, as part of the financial inclusion drive. Microfinance is an important mechanism for small, marginalized, low-income persons in our society to channel their savings. This research aims to find out how microfinance and financial institutions use ICT (information and communication technology) (FIs). Tables, graphs, and pie-diagrams were also created to investigate the workings of financial institutions.