From Access to Empowerment: The Role of Digital Microfinance – ABCD Evaluation

Main Article Content

Santhosh Kumar K.
Aithal P. S.


Purpose: The study aims to examine the impact of digital microfinance programs, including digital microloans, on financial inclusion and economic empowerment in India, and to assess their contributions to poverty alleviation and enhanced livelihoods among marginalized communities.

Design/Methodology/Approach: This study employs a systematic approach to conduct a comprehensive literature review on microfinance and digital microloans in India. The methodology includes thorough searches across academic databases, institutional reports, and policy documents to compile pertinent literature. Additionally, ABCD analysis was conducted to provide detailed insights from the perspectives of both consumers and service providers. By synthesizing existing knowledge, the research aims to elucidate the evolution, impacts, challenges, and contributions of digital microfinance initiatives towards poverty alleviation, economic empowerment, and inclusive growth among marginalized communities in India. This systematic review not only consolidates the current understanding of digital microfinance but also identifies gaps for future research, aiming to inform policy-making and enhance the effectiveness of financial inclusion strategies in the region.

Findings/Result: Based on the comprehensive literature review, the findings highlight the transformative impact of digital microfinance initiatives in India. These initiatives have significantly contributed to poverty alleviation and economic empowerment among marginalized communities by expanding access to financial services and fostering entrepreneurship. The evolution towards digital platforms has streamlined operations, reduced transaction costs, and improved credit accessibility, thereby enhancing economic opportunities and resilience. These advancements underscore the critical role of digital microfinance in promoting inclusive growth and sustainable development across India.

Originality/Value: This research enhances the existing understanding of digital microfinance initiatives by illuminating how digital platforms have expanded access to financial services. The study underscores the pivotal role of technology in promoting inclusive growth and enhancing economic resilience among marginalized communities, thereby contributing valuable insights to sustainable development efforts in emerging economies like India.

Paper Type: Conceptual Analysis.

Article Details

How to Cite
Santhosh Kumar K., & Aithal P. S. (2024). From Access to Empowerment: The Role of Digital Microfinance – ABCD Evaluation. International Journal of Management, Technology and Social Sciences (IJMTS), 9(2), 267–282.

Most read articles by the same author(s)

1 2 3 4 5 6 > >>