Empowering Women Through Micro-Finance

  Dr. A. Malleswari Devi,  Mrs. A. Devaki

Women have been shown to spend more of their income on their households; therefore, when women are helped to increase their incomes, the welfare of the whole family is improved. Rapid progress in SHG formation has now turned into an empowerment movement among women across the country. Microfinance has the potential to have a powerful impact on women’s empowerment. Strengthening women’s financial base and economic contribution to their families and communities plays a role in empowering them. Access to credit may be the only input needed to start women on the road to empowerment. But power is deeply rooted in our social systems and values. It permeates all aspects of our lives from our family to our communities, from our personal dreams and aspirations to our economic opportunities. Women often value the non-economic benefits of a group-lending program as much as or more than the credit. Bringing women and women’s perspectives into the governance, management, and implementation of micro-finance programs.

Keywords- Microfinance, Women empowerment, Self Help Groups, social systems and values.

Unique Identification Number - IJEDR1901008
Page Number(s) - 43-45
Pubished in - Volume 7 | Issue 1 | January 2019
DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.19379
Publisher - IJEDR (ISSN - 2321-9939)

  Dr. A. Malleswari Devi,  Mrs. A. Devaki,   "Empowering Women Through Micro-Finance", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.7, Issue 1, pp.43-45, January 2019, Available at :http://www.ijedr.org/papers/IJEDR1901008.pdf