A Study on Impact of Microfinance in Socio-Economic empowerment of Women in Chengalpattu District

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Dr. G.SURESH

A Study on Impact of Microfinance in Socio-Economic empowerment of Women in Chengalpattu District

Authors: Dr. G.SURESH

Unique Paper ID: 180275
Volume: 12
Issue: 1
PageNo: 704-707

Keywords: Microfinance Self Help Groups Joint Liability Groups

Abstract:
Women’s empowerment is a key factor in the world level development process. Poverty and Illiteracy acts as a hindrance to their empowerment. Social empowerment facilitates positive impact in decision making and involvement in family and societal activities. Economic empowerment facilitates increase in their ownership of assets and enhances their income. This study aims to investigate the impact of microfinance on empowerment of women in both the social and economic aspects. Microfinance is considered as an effective instrument in boosting their empowerment by providing an independent saving account and able to obtain loans without any collateral and provides training in financial and non-financial areas. It has a positive impact in the development of women’s exposure to become an entrepreneur and able to work independently. Self Help Group and Joint Liability Groups serve as a crucial factor in the aspect of socio-economic development of women.

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Cite This Article

ISSN: 2349-6002
Volume: 12
Issue: 1
PageNo: 704-707

A Study on Impact of Microfinance in Socio-Economic empowerment of Women in Chengalpattu District

Available:https://ijirt.org/article?manuscript=180275

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Impact Factor
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UGC Approved
Journal no 47859

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