International Journal of Multidisciplinary Research and Development

ISSN Online: 2349-4182
ISSN Print: 2349-5979

Article Icon NAAS Rating: 3
Vol. 3, Issue 5 (2016)

Micro finance: An impetus for social empowerment

Author(s): Dr. Kuldeep Kaur
Abstract: Micro Finance Institutions are becoming more popular and promoting additional capable ways to use inadequate development funds to complete the objectives of socio-economic development of rural sector. Microfinance is a provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban areas, for enabling them to raise their income levels and improve living standards. Purpose of this study is to know and examine the impact of micro finance on social development of rural people in the different regions of India. In this study, data has been collected to analyze the views of the people about the impact of MFIs on political Empowerment and their perception towards women respondents working in MFIs after getting MFI assistance through the empirical questionnaire containing different types of questions related to participation in the meeting of village panchayat/ Gram Sabha, women having control on savings and expenditure and considered as a important part of family etc. This study highlights that microfinance activities coupled with socio-economic development initiatives may bring cascading effect on the life of these rural people without facing any major constraints and hassles
Pages: 259-261  |  900 Views  220 Downloads
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