...Karteek Madapana; N.V.J. Rao Purpose This paper aims to make microfinance transparent, effective and secure with the help of the decentralized nature of blockchain technology. In doing so, it guarantees that microfinance enhances greater financial inclusion along with the economic empowerment...

.... (1994) . Though founded in Bangladesh, the Grameen Banks in India was originated in the year 1975–76 Esty, (2011) , with the sole purpose of providing banking services (microfinance/microcredit/small loans) for the development of the rural community. In the beginning there were 196 Grameen Banks also...