What is Microfinance and Why is it Important? MR Rao, Vice Chairman, Bharat Financial Inclusion Ltd

We live in an unequal society where wealth is disproportionately distributed. But the growth of any society depends only on the simultaneous growth of weaker sections of society. Microfinancing plays an important role in the upliftment of poorer sections. In this episode, we bring you MR Rao, Vice Chairman of Bharat Financial Inclusion Ltd. BFIL lends loans to the women of weaker sections in affordable installments and helps them stand on their feet. MR has helped reach microfinance to 1.25 Lac villages covering 23 states in India. He explains the meaning of microfinancing and shares how it is transforming the lives of poor women and helping them start their own businesses. He explains why women were chosen by his company to grant loans to. BFIL is a gold-standard microfinance company with a solid management team. MR talks about how microfinance companies raise funds and shares his decades of experience in this field with our listeners. Tune in to know more about the substantial impact of microfinance in the lives of poor women.