The developing\ncountry like India is struck with poverty which results in creating hurdles in\nthe progress of the country. The major reason for the widespread poverty in\nIndia is due to the massive disparity in the income distribution. The Indian\npopulation faces many problems such as being deprived of formal financial\nservices as some of them belong from the impoverished and backward section of\nthe society. The concept of micro finance was introduced in the Indian economy\nwith the objective of providing financial services to the impoverished and\nbackward section, especially women. The growth of the Indian micro finance\ncompany has been phenomenal since the time it was introduced. However, when it\ncomes down to comparing with the success of commercial, banks, micro finance\ncompanies faces much challenges and have a long way to go. Therefore, this\narticle will discuss about what are the major risks faced by Micro Finance\nCompany in India. <\/p>\n\n\n\n
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