Table of Contents

Chapter 1: Introduction ……………………………………………………………………………………………… 10
1.1. Introduction: ………………………………………………………………………………………………………. 10
1.2. Background of the study: …………………………………………………………………………………….. 12
1.3. Problem Statement: …………………………………………………………………………………………….. 13
1.4. Research rationale: ……………………………………………………………………………………………… 13
1.5. Research aim: …………………………………………………………………………………………………….. 15
1.6. Research Objectives: …………………………………………………………………………………………… 15
1.7. Research Question: …………………………………………………………………………………………….. 15
1.8. Significance of the study:…………………………………………………………………………………….. 16
1.9. Structure of the dissertation: ………………………………………………………………………………… 16
1.10. Summary: ………………………………………………………………………………………………………… 17
Chapter 2: Literature review ………………………………………………………………………………………. 19
2.1. Introduction: ………………………………………………………………………………………………………. 19
2.2. Previous studies: ………………………………………………………………………………………………… 19
2.3. Conceptual framework: ……………………………………………………………………………………….. 21
2.4. Concept of microfinance: …………………………………………………………………………………….. 21
2.5. Benefits and challenges in microfinance: ………………………………………………………………. 22
2.6. Models of microfinance: ……………………………………………………………………………………… 24
2.7. The commercialization process of micro financing institutions: ……………………………….. 26
2.7.1. Advantages and opportunities of commercialization of micro financing institutions: .. 28
2.7.2. Setbacks of commercialization of micro financing institutions:……………………………… 30
2.8. Present scenario of micro financing institutions in India: ………………………………………… 31
2.8.1. Geographical reach of micro financing in India: ………………………………………………….. 33
2.9. Backlogs of micro financing in India: …………………………………………………………………… 35
3: Research Methodology ………………………………………………………………………………………….. 38
3.1. Introduction: ………………………………………………………………………………………………………. 38
3.2. Methodology framework: ……………………………………………………………………………………. 38
3.3. Research Onion: …………………………………………………………………………………………………. 38
3.4. Philosophy: ……………………………………………………………………………………………………….. 39
3.4.1. Justification for the chosen philosophy: ……………………………………………………………… 40
3.5. Approach: ………………………………………………………………………………………………………….. 41
3.5.1. Justification for the chosen approach: …………………………………………………………………. 41
3.6. Design: ……………………………………………………………………………………………………………… 42
3.6.1. Justification for the chosen design: …………………………………………………………………….. 43
3.7. Data collection technique:……………………………………………………………………………………. 43
3.8. Sampling process: ………………………………………………………………………………………………. 44
3.9. Plan for data analysis: …………………………………………………………………………………………. 45
3.10. Ethical pursuance: …………………………………………………………………………………………….. 45
3.11. Gantt Chart: ……………………………………………………………………………………………………… 45
3.12. Summary: ………………………………………………………………………………………………………… 47
Chapter 4: Data analysis ……………………………………………………………………………………………. 48
4.1. Introduction: ………………………………………………………………………………………………………. 48
4.2. Analysis of the survey outcomes: …………………………………………………………………………. 48
4.3. Summary: ………………………………………………………………………………………………………….. 68
Chapter 5: Conclusion and recommendations: ……………………………………………………………… 69
5.1. Conclusion: ……………………………………………………………………………………………………….. 69
5.2. Objective linking:……………………………………………………………………………………………….. 69
5.3. Recommendations: ……………………………………………………………………………………………… 72
5.4. Limitation of the study: ……………………………………………………………………………………….. 73
5.5. Future scope of the study: ……………………………………………………………………………………. 73
6.0 Reflection: ………………………………………………………………………………………………………….. 73
References: ………………………………………………………………………………………………………………. 76
Appendices:……………………………………………………………………………………………………………… 81