DOES MICROFINANCE EMPOWER RURAL WOMEN? -A EMPIRICAL STUDY IN UDAIPUR DISTRICT, RAJASTHAN (original) (raw)
ROLE OF MICROFINANCE IN WOMEN EMPOWERMENT:AN EMPIRICAL STUDY IN ALWAR DISTRICT, RAJASTHAN, INDIA
Microfinance plays a vital role for gender equality and empowering women. In India, Government has bought a number of development project but most of them have ignored the women. Microfinance plays a vital role for the elevation of poverty and for the empowerment of women. Women are the most decisive component of the society and are playing a vital role in the socioeconomic framework of Rajasthan. Microfinance Program like SHG does motivate small amount of saving among the members. The present work is done to study the empowerment of women through Microfinance. The survey was conducted in Alwar district of Rajasthan on around 50 respondents, covering a sample of beneficiaries.
Microfinance and Empowerment of Rural Women in Dharmapuri District
Microfinance and Empowerment of Rural Women in Dharmapuri District * Dr.V.CHINNASAMY ABSTRACT The study has revealed that landless and marginal farm households and socially backward households participate more in the SHG-led microfinance programme. Livestock and the material goods ownership by the member households have been found to be less prior to the group formation. Moreover, households having informal borrowings have been found to have higher priority to the group formation. Analysis on the determinants of women’s participation in the microfinance programme has revealed that the age of women and value of productive assets other than land have negative relationship with the participation of women, whereas social backwardness, indebtedness and presence of other micro credit programmes in the same or nearby villages have positive association with women’s participation in the microfinance programme. It has been suggested that higher number of self-help groups may be formed among the economically and socially disadvantaged households in order to relieve them from the clutches of moneylenders and at the same time to bring the poor under the fold of formal banking institutions. ___________________________________________________________________ *Former Research Scholar ,Department of Economics ,Periyar University ,Salem-11
Microfinance as a Tool of Socio Economic Empowerment of Rural Women
International Journal for Research in Applied Science & Engineering Technology (IJRASET), 2023
Micro finance has become a tool of empowering the underprivileged people in the society. It plays a prominent role in the developing countries of Asia. These countries are having lots of success stories where the poor and backward people could manage to have sustainable source of revenue for themselves through microfinance. It is observed that in maximum cases women are plying a vital role in the use of micro finance through the self help groups (SHGs). This paper tries to see the impact of micro finance on the rural women of Assam-a state which is very near to Bangladesh, the country where microfinance has got tremendous response from the women folk. Through the research it was tried to see the impact of microfinance from the socio economic perspective of the North East India. The paper is based on primary data collected from the women respondents of rural area who have experience of working with the SHGs. The paper concluded that the micro finance has contributed to the empowerment of women in rural Assam and hence micro finance has a great future in this part of India.
AN EMPIRICAL STUDY ON RURAL WOMEN EMPOWERMENT THROUGH MICROFINANCE
In India, women have been the helpless section of the society & constitute a sizeable segment of poverty struck population. Women in India are characterized by lack of education and access of resources both of which are required to help them work their way out of poverty and for upward economic and social mobility. Microfinance is emerging as a powerful instrument for poverty alleviation in the new economy. Microfinance is dominated by Self Help Groups (SHGs)-Bank Linkage Programmed as a cost effective Mechanism for providing financial services to the "unreached poor". Since women empowerment is the key to socioeconomic progress of the community; bringing women it mainstream of national development has been a major concern of government. Economic empowerment results in women's ability to influence or make decisions, energized self confidence, better status and role in household, etc. Microfinance is necessary to overcome exploitation, create confidence for economic self reliable of the rural poor. This study makes the valuable contributions by providing a base to the Microfinance institutions and SHGs for strengthening and expanding their support to rural poor women.
Manuscript History: Received: 15 March 2016 Final Accepted: 12 May 2016 Published Online: May 2016 Key words: Microfinance, Social empowerment, Self Help groups, Etc. *Corresponding Author Shailaja Kheni. India is a nation filled with tremendous wealth & prosperity. Among the successful emerging economies in the world India occupies a prominent place. India’s performance in recent years has been among best in the world. On the other side becoming more complex because of the various Social, political, economical & Technological changes occurring at a rapid pace for growth. India is filled with regional, cultural and socio- economic differences that have made the status of women complicated and her contribution often goes unrecognised. Due to cultural and traditional aspects, a Women’s presence has been a question of survival. She fears for society, lives in society with all problems as Indian culture makes them to bear everything silently and run the family. It is more difficult for women to get out of poverty than men because they lack money, resources, land and property and get less paid than men for the same job (Premchander 2009). Our Women have a great part to play in the progress of our country, as the mental and physical contact of women with life is much more lasting and comprehensive than that of men. Women must be empowered by enhancing their awareness, knowledge, skills and technology use efficiency, thereby facilitating overall development of the society. The early 90’s saw the reshaping of strategies of socio –economic development and the emphasis gradually shifted from “development to empowerment”. Women play a significant role in domestic and socio-economic life of the society and therefore holistic national development is not possible without developing this segment of the society (Ravindra c satpute 2012). Low level of skills, lack of access to training, facilities and credit, literacy, ignorance coupled with their invisible contribution to family economy, restricted mobility as a result of gender bias and lack of linkage facilities are some of the contributory factors for the backwardness of the women in the rural areas. At this juncture, organizing the poor women in a group is the need of the hour. Thus the SHG is one that is considered as the movement of self development. The SHG is the institutional informal setup through which the micro credit is routed by the formal and semi formal micro finance institutions to assist the poor women. Now a day’s women are depending on microfinance institutions than men. They believe that a woman is a small credit risk and often benefits the whole family (S.Sarumathi and Dr.K.Mohan 2011) The main aim of microfinance is to empower women .This induced the researcher to focus more on the empowerment of women who participates in Microfinance and its activities. Kalaburagi is considered as one of the most backward districts of Karnataka. Majority of people in this district are living in the rural areas and most of them depend upon Agriculture for their livelihood. There are many Microfinance institutions which are operating in the districts and the number of SHGs is in thousands. The number of Groups is increasing year after year; this made an interesting fact to know the reason behind this improvement. What makes women to join the Self Help Groups, are they socially empowered. Therefore the Objective of the researcher here is to study to what extent women beneficiaries of microfinance in kalaburagi district have succeeded in achieving their Goals and have empowered Socially.
Microfinance: The Challenges and Opportunities in Rural India
SSRN Electronic Journal, 2012
Women are essential part of the society.Akey concern in developing countries isEmpowerment of women. The role of women in economic activities and decision making is very low. Micro financial schemes plays vital role in increasing women's participation in economic activities and decision making. In this research paper an effort is made to investigate
Impact of Microfinance on Women Empowerment : A Study of Rural Gujarat
Indian Journal of Finance, 2018
Microfinance is considered as an important financial service in many countries. The objective of this study was to evaluate the impact of microfinance on women empowerment. The paper aimed to judge the societal transformation through strategic interventions of microfinance in rural areas. A total of 384 women staying in rural areas of Mehsana and Navsari district were surveyed. Paired t - test was performed to analyze the situation before and after women joined SHGs for women empowerment on three contexts, that is, political, social, and economic on 12 variables. Paired t - test revealed a significant difference in women empowerment indicators before and after joining SHGs. The results of binary logistic regression revealed that with the increase in duration of membership by 1 year, the probability of empowering women on grounds of economic, social, and political empowerment increased by 9%, 14%, and 11%, respectively. The study can be used to empower women on the grounds of political, social, and economic conditions. The successful implementation of microfinance could lead to societal transformation in rural areas, especially for a country like India. It was suggested that the government and non-government organizations (NGOs) can work on microfinance services to empower women.
Microfinance Institutions Transforming Rural Women: Psychological And Social Perspective
The stature of rural women in India is impoverished, vulnerable and non-existent. There have been underlying societal issues that women have been surviving. Economic empowerment is critical to empower women and achieve gender equality. Microfinance Institutions in India have proved to be an efficient mechanism in eradicating poverty, by way of providing easy credit, saving and generating economic activities. This research seeks to investigate the significance of economic empowerment to bring psychological and social empowerment, and further bringing societal change at large. To achieve the research objective, primary data was collected, using an interview schedule in the survey method. We interviewed 200 rural women associated with microfinance institutions from the northern Indian state of Uttar Pradesh. To describe the demographic profile of the respondents, mean and standard deviation is used; further, regression analysis is applied to develop a correlation between various factor...
Impact of Microfinance on Economic Empowerment of Rural Women in India: An Empirical Study
Ramanujan International Journal of Business and Research, 2018
The paper studies that how the micro financing delivered through Banks and MFI's have helped women to achieve economic empowerment in rural areas. In order to assess the impact of micro financing on rural women's economic empowerment, primary data was collected from 737 rural women through questionnaire personally administered by researcher. Descriptive research design has been followed. Multistage sampling, including random sampling and non-random sampling method, has been used. Out of four administrative divisions of Haryana, two divisions i.e. Gurgaon division and Rohtak division were sampled based on 50% proportionate random sampling. Out of 11 districts belonging to these two divisions, 6 districts were sampled using the criteria of 50% proportionate stratified sampling. Tabular, graphical and econometrical methods were followed to analyze the data.