JJEM: Special Edition 4 (May 2025)
JJEM: Special Edition 4 (May 2025)
2025-05-31
Micro Finance Institutions- An Effective Tool for Women Empowerment in India
Chiranjeevi V.B., Dr. Giridhar K.V
Empowering women is a big topic in developing nations. Numerous initiatives were undertaken to address this problem since women's empowerment is essential to achieving the goals of development and poverty reduction. Microfinance institutions (MFIs) have emerged during the past few decades as essential instruments for addressing poverty and empowering women. As a result, a vast amount of research focusses on the connections between MFI and women's empowerment. Microfinance's contribution to economic activities has a significant impact on women's decision-making. Numerous governmental and non-governmental organisations have worked to empower women over the years, particularly in rural areas. The development of microfinance is one such endeavour. Microfinance is an idea that has been shown to benefit the underprivileged. It gives money to the underprivileged without requiring any security, something that banks and other financial organisations typically need. Microfinance organisations provide low-income clients with loans, enabling those living below the poverty line to improve their life by borrowing money. Hence forth this study is an attempt to identify the role played by the MFIs in empowerment of women , services provided by the MFIs and challenges faced by them and benefits derived by the beneficiaries in the study area.
Micro Finance Institutions, Empowerment of Women, Poverty