Financial inclusion is very important for countries like India. A lot of people in India do not have access to financial systems. Microfinance is a way to provide services to people who do not have a lot of money. This study looks at how microfinance helps people in India and how it improves their lives.

The study used an approach to collect information. We collected information from 90 people using a questionnaire. We also used information from reports, books and government publications. We looked at things like how many people know about microfinance how many people use it if it helps them earn money if it helps them save money and if they still borrow money from informal lenders.

What we found out is that microfinance really helps people in India by giving them access to money helping them save and stopping them from borrowing from lenders. It also helps women and people who want to start their businesses. There are still problems like high interest rates people not knowing much about finance and it being hard for some people to get to microfinance services. The study says that if we teach people more about finance use technology to make things easier and make the process simpler microfinance can be more helpful, in India.

Keywords: Microfinance, Financial Inclusion, MSMEs, Rural Development, Poverty Alleviation, Financial Literacy, Self-Help Groups (SHGs)