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Publication: IIP Proceedings Year: 2022, Month: November Page No: 83-94, ISSN/ISBN: 978-93-95632-62-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E3BD3E90337DC42.pdf
MICROFINANCE AS A TOOL FOR EMPOWERING WOMEN AND ERADICATING POVERTY
Area/Stream: Management, Authors: Usha. A Keywords: Microfinance, Women Empowerment, Poverty eradication. Book Name /series: Futuristic Trends in Management, Volume 2, Book 8, Part 1, Chapter 9Publication: IIP Proceedings Year: 2022, Month: November Page No: 83-94, ISSN/ISBN: 978-93-95632-62-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E3BD3E90337DC42.pdf
Abstract:
Microfinance is a tool for researching how microcredit affects women's empowerment. In the new economy, microfinance is a potent tool for reducing poverty and empowering women. The effects of microfinance have two aspects. First of all, it generally helps SHG members and increases their income, which helps to strengthen their livelihoods and increases self-confidence in the management of scheduled microfinance lists and programmes in India. Microfinance is dominated by the SHGs and MFI Bank Linkage Program, which aims to provide an effective instrument used for providing that financial services to the poor. A widely used approach for reducing poverty and empowering women economically is microfinance for poverty and women. However, there is a considerable gap for empowerment and alleviation of poverty, financing the needs of the real credit of the poor, exclusively women. Rural poverty can be reduced by launching an income-generating program with a focus on micro-credit as the primary input for economic development. Microfinance is an authoritative tool for innovative and hardworking micro-entrepreneurs to start any small business. With the proceeds of these small businesses, micro-credit borrowers hope for a better quality of life, health care, education, nutrition, and a better future for their families. This article's goal is to list the different advantages available to female entrepreneurs. The data used in this chapter is secondary. In order to gather information necessary for providing an accurate understanding of microfinance's mechanisms for empowering women and eradicating poverty, we analysed a variety of research publications.
Cite this: Usha. A,"MICROFINANCE AS A TOOL FOR EMPOWERING WOMEN AND ERADICATING POVERTY", Futuristic Trends in Management, Volume 2, Book 8, Part 1, Chapter 9, November, 2022, 83-94, 978-93-95632-62-1, https://www.rsquarel.org/assets/docupload/rsl2023E3BD3E90337DC42.pdf
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