Achieving Sustainable Development Goals Through Microfinance: An Incremental Steps Towards Growth.

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Dr. Dhananjay Vishwakarma, Shubham Sonkar, Saurabh Kumar Keshari, Akhilesh Kumar Jaiswal

Abstract

In order to access a brighter and more sustainable future for all by the year 2030 the UN Members have adopted the Sustainable Development Goals (SDGs). The three most important global challenges they tackle are ensuring that everyone lives in peace and prosperity, protecting the environment, and ending poverty. The 17 Goals are critical worldwide development initiatives that balance social, economic, and environmental sustainability. They are all interconnected and interdependent. At present Microfinance Institutions (MFINs) are playing very crucial role to make banking and financial services available for remote people which is contributing directly or indirectly for achievement of SDG.  Among four of SDGs, notably No Poverty, Quality Education, Gender Equality and promoting Decent work & Economic growth, and reducing inequality, are closely tied to the concepts of microfinance. Their growth is depicted through increasing Gross loan Portfolio (GLP) in recent years. The purpose of this paper is to look into how these 4 goals can be met in India through microfinance practices. For investigating the linkage between SDG and Microfinance tools like CAGR, Pearson Correlation has been used.  

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How to Cite
Saurabh Kumar Keshari, Akhilesh Kumar Jaiswal, D. D. V. S. S. (2024). Achieving Sustainable Development Goals Through Microfinance: An Incremental Steps Towards Growth. European Economic Letters (EEL), 14(1), 2022–2031. https://doi.org/10.52783/eel.v14i1.1134
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