Article Details

Role of Micro Finance in Economic Empowerment of Women – A Case Study of Self Help Groups in Haryana | Original Article

Suman Kumari*, Santosh Nandal, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

ABSTRACT:

Microfinance is a popular term in the present money related market situation. As its name demonstrates, microfinance alludes to small scale credit or microloan. Microfinance is an incredible key to assist people with making them monetarily free. These assets gave by the banks at extremely low loan costs. These assets can be utilized by the individuals to begin their very own little adventures or to make their fantasies work out as expected. The study is exploratory in nature and is based on primary data. The sample for the field survey has been drawn by adopting multi stage random sampling and purposive sampling techniques for selecting districts, blocks, villages and beneficiaries. So the 320 respondents of the study have been selected from 1 state, 4 districts, 8 blocks, and 16 villages. The study observed that micro-finance is an efficient instrument to promote empowerment of women. The research study suggested that there is need of innovative micro-finance division which can contribute some new norms in women empowerment.