The present study aims at framework of microfinance across India. The basic objective of this research is to know microfinance products like Microloans, Microsavings and Micro-Insurance. Microfinancing is not a new phenomenon. The term "microfinance" describes the limit of financial products that microfinance institutions (MFIs) offer to their customers. Microfinance began in the 1970s when social entrepreneurs began lending money on a large scale to the working poor. Small microcredit operations have existed since the mid 1700s. Although most modern microfinance institutions operate in developing countries, the rate of payment default for loans is surprisingly low more than 90% of loans are repaid. The present paper makes an attempt to give brief profile of microfinance sector in India. The study shows that products of microfinance are powerful instruments for poverty alleviation through provision of financial services to low-income group of people, who traditionally unable to access banking services. Keywords: Micro finance, Micro loans, Micro savings and Micro insurance.