Authors : Prerana Ratnaparkhi
Page Nos : 197-200
Description :
Microfinance has tracked back in India in 1992, when NABARD linked SHG group. Microfinance is considered as an effective tool of poverty alleviation and self-employment across the global continents. In India microfinance operates through two main channels viz. a) banking system through the SHGs under SHG-Bank Linkage Programme (SHG-BLP) and JLG bank lending programme and b) through Micro Finance Institutions (MFIs) lending through individual and group approach. Every microfinance institutions shows that women who are not only better off economically as a result of access to financial services, but are empowered as well. The growth of India‘s microfinance over the past 16years is remarkable. This paper seeks to examine the impact of microfinance with respect to poverty alleviation and empowerment of women. An effort is also made to suggest the way to increase women empowerment.
