A Study on the Role of Microfinance in Women’s Empowerment in India

Authors

  • Archana B. Research Scholar, Periyar University, Principal, Siri Shrine PU College, Bangalore.
  • Dr. B. Mathivanan Prof. and HOD, PG and Research Department of Commerce, MGR College, Hosur.

DOI:

https://doi.org/10.31305/rrijm.2024.v09.n09.005

Keywords:

micro-financial institutions, loans, banks, financial facilities

Abstract

Microfinance is a manner wherein loans, credit, coverage, get right of entry to savings debts, and money transfers are furnished to small commercial enterprise owners and entrepreneurs inside the underdeveloped components of India. The beneficiaries of microfinance are individuals who do not have access to those conventional economic sources. While availing of such loans the customers are having lots of apprehensions in their minds. They do not rely on borrowings so easily which makes them get the perfect information regarding such borrowings. The customer wants to know how such borrowings would impact them financially and psychologically with their commitments. This paper provides the opinion of the customers on the advantages of microfinance amenities.  It also gives sufficient insights regarding the various difficulties and problems faced by customers in utilizing microfinance amenities. The sample considered for this study is 200 respondents who are availing of different microfinance facilities. Statistical techniques like mean and median are used to analyze and interpret the data. With the help of the data analysis the findings, recommendations, and conclusions are drawn accordingly.

Author Biographies

Archana B., Research Scholar, Periyar University, Principal, Siri Shrine PU College, Bangalore.

Archana B. is a dedicated academic professional and Research Scholar at Periyar University, known for her passion for education and leadership in shaping young minds.  With a strong background in educational administration, she currently serves as the Principal of Siri Shrine PU College, where she focuses on fostering a holistic learning environment. Archana's work in education emphasizes both academic excellence and the development of essential life skills, ensuring her students are well-prepared for future challenges.  Her pursuit of knowledge is exemplified by her ongoing research at Periyar University, where she contributes to academic discourse while mentoring students. Known for her strategic vision, Archana has successfully implemented various innovative teaching methodologies at Siri Shrine PU College, enriching the student experience and supporting their overall growth. Through her leadership, Archana continues to inspire both students and staff to strive for excellence and personal development.

Dr. B. Mathivanan, Prof. and HOD, PG and Research Department of Commerce, MGR College, Hosur.

Dr. B. Mathivanan is a distinguished academic and researcher, currently serving as the Professor and Head of the Postgraduate and Research Department of Commerce at MGR College. With extensive expertise in the field of commerce, Dr.  Mathivanan has made significant contributions to both academia and industry, known for his scholarly research, publications, and dedication to student development. Under his leadership, the department has flourished, offering cutting-edge programs that blend theoretical knowledge with practical application. His innovative teaching methods and focus on contemporary commerce trends have shaped the careers of numerous students, ensuring they are equipped to meet the demands of the global marketplace. Dr. Mathivanan is highly regarded for his commitment to mentoring, guiding students in their research endeavors, and fostering a culture of academic excellence. His contributions to commerce education and research continue to inspire and influence future generations of scholars and professionals.

References

Bhaskar, Arjun, "Microfinance in South India: A Case Study" (2015). Wharton Research Scholars. 122.

Kishore Kumar, Empowering Women Through Microfinance: Evidence From Uttar Pradesh, India, Journal of critical reviews, ISSN- 2394-5125 Vol 7, Issue 7, 2020

Nishi Pathak, & Arvind Singh, Microfinance in Indian Economy in 2020, International Journal of Engineering Technology, Management and Applied Sciences, June 2017, Volume 5, Issue 6, ISSN 2349-4476

Nitin Navin, Pankaj Sinha, Market Structure and Competition in the Indian Microfinance Sector, Vikalpa: The Journal for Decision Makers, Vol 44, Issue 4. 2019

Shankar, S. 2016. Bridging the “Missing Middle” between Microfinance and Small and Medium-Sized Enterprise Finance in South Asia. ADBI Working Paper 587. Tokyo: Asian Development Bank Institute

Sonia Goyal, Present Scenario of Microfinance in India, International Journal of Academic Research and Development ISSN: 2455-4197, Volume 3; Issue 1; January 2018; Page No. 777-778

Syed Mohammad Ghouse, Micro Finance – A Catalyst in Accelerating the Growth of Indian Rural Economy, International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8 Issue-3, September 2019

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Published

28-09-2024

How to Cite

Archana, B., & Mathivanan, B. (2024). A Study on the Role of Microfinance in Women’s Empowerment in India. RESEARCH REVIEW International Journal of Multidisciplinary, 9(9), 36–46. https://doi.org/10.31305/rrijm.2024.v09.n09.005

Issue

Vol. 9 No. 9 (2024): RESEARCH REVIEW International Journal of Multidisciplinary

Section

Articles

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Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).