From the foregoing analysis on insurance sector it is understood that the sector is very old. Though the sector was confined to a limited number of organizations till 1990s with many governmental restrictions, it could able to develop considerably. After 1990s, the liberalization of economies by the governments showed much positive effect on this business. This is a clear indication that the business is a profitable business. To regulate this business in the liberalized era, the government has taken certain legislative measures like enactment of IRDA. In this fast growing sector the research...

The need for micro finance in India has arisen due to failure of formal banking system in meeting the credit needs of millions of rural and urban people, who constitute poverty or near poverty groups in the country. The banking sector always demands high discipline in collateral security, procedures, impracticable, repayment schedule, high transaction cost, emanating from the low scale of operation, high turnover of clients. Hence they failed to meet the financing need of those struggling to stay alive. It is possible only by making the strategies to increase the scope of activities of micro...