Micro financing need to focus on job creationon

Conventionally MFIs are more a financing intermediaries rather than catalyst of growth and booster of employment opportunities. It is more focused on replacing traditional moneylenders, However with visionary leadership it is possible to transform these institutions as change agents and catalyst of much desired sustainable and environment friendly economic growth by funding projects conceived and managed by them along with farmers and artisans. There is already some move though not very distinctly visible but gradually evolving in this direction. Global Jagat is perhaps one such illustrative example worth following