Copyright © 2026 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.

@article{195831,
        author = {Dr. Diganta Kumar Mudoi},
        title = {Financial Independence and Social Status: A Study of Women in Microfinance},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {1953-1959},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=195831},
        abstract = {This research paper evaluates the role of microfinance as a strategic tool for enhancing the social and economic status of women. Microfinance provides essential financial services, such as small-scale loans and savings, to low-income individuals who are traditionally excluded from mainstream banking. By analysing secondary data and theoretical frameworks, the study demonstrates how financial inclusion fosters self-sufficiency, challenges patriarchal norms, and enables women to participate actively in household and community decision-making. The findings suggest that microfinance serves as a catalyst for a multiplier effect, where increased income for women leads to improved family welfare and broader social development.},
        keywords = {Microfinance, Women Empowerment, Poverty Alleviation, Self-Help Groups, Economic Independence.},
        month = {April},
        }