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

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

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{180275,
        author = {Dr. G.SURESH},
        title = {A Study on Impact of Microfinance in Socio-Economic empowerment of Women in Chengalpattu District},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {704-707},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=180275},
        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.},
        keywords = {Microfinance, Self Help Groups, Joint  Liability Groups},
        month = {June},
        }

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

Related Articles