International Journal of Applied Research
Vol. 2, Issue 3, Part F (2016)
Role of micro finance in women’s empowerment: A case study in Vijayapur district
Manjula N Savadi, Dr. Honnappa S
Microfinance is a type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Micro-finance through Self Help Group (SHG) has been recognized internationally as the modern tool to combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty, empowering women and creating awareness which finally results in sustainable development of the nation. The main aim of microfinance is to empower women. In this paper the role played by Microfinance in women’s empowerment are considered into three dimensions namely psychological, social and economic. The objectives of the study is i) to study the performance of SHGs in Vijayapur District rural region, ii) the role of MFIs in empowerment of the women and iii) to offer suggestions for the betterment of women’s empowerment in SHG’s. The study is undertaken in rural areas of Vijayapur district in Karnataka. Both primary and secondary data have been used. Primary data is enumerated from a field survey in the study region. Secondary data is collected from NGOs’ reports and other documents. The researcher has used percentage method, Descriptive Statistics, Regression and Anova. Analysis showed that there is a gradual increase in the all the three factors among rural women’s. From the interaction among the respondents it is noticed that some members are expecting the NGO to come up with more training sessions in income generating activities. All they need is a way to develop their skills and talents by participating in various training programs. There is a definite improvement in psychological wellbeing and social empowerment among rural women as a result of participating in micro finance through SHG programmes.
How to cite this article:
Manjula N Savadi, Dr. Honnappa S. Role of micro finance in women’s empowerment: A case study in Vijayapur district. Int J Appl Res 2016;2(3):342-346.