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, repayment schedule, 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 finance by including food, credit, health, consumption loans, and skill up...

The history of general insurance dates back to the Industrial Revolution in the west and the consequent growth of seafaring trade and commerce in the 17th century. It came to India as a legacy of British occupation. General Insurance in India has its roots in the establishment of Triton Insurance Company Ltd., in the year 1850 in Calcutta by the British. In1907, the Indian Mercantile Insurance Ltd. was set up. This was the first company to transact all classes of general insurance business.1957 saw the formation of the General Insurance Council, a wing of the Insurance Association of India....