"Hey, mister, what are you looking for under that light?"
"My keys."
"Why, did you lose them there?"
"No, I lost them across the street."
"Then why don't you look for them across the street?"
"Because the light's better over here."
It's an old joke, but it aptly illustrates the current state of the practice related to microcredit and its impact on rural economy. The microcredit to alleviate poverty. Yet the downside of the story is even worse. They don't tell us whether people become less poor due to the services we provide of microcredit, even though performance indicators of the real economy shows great contribution from the same.
Why do we solely rely on these financial performance measures if they don't tell us if we're achieving our objective? Because they are much easier to calculate reliably. We spend our time investigating the well-lit areas, while the object we're searching for remains in the dark.
I am here to tell the story of people who started with great dreams and have been struggling thereafter. This thesis has taken in to consideration the SME in India, who form a huge part of the business population. I have tried to analyze the factors, which inhibit the growth of SME in India and also tried to figure out the reasons for the failure of the SME
The first part of the thesis describes what is microcredit. It also analyzes the present conditions and the growth of Microcredit in India.
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