Abstract
Microfinance initiatives play a crucial role in economic development, employment generation and women empowerment. The active participation of women in Self Help Groups (SHGs) has a positive impact on their members empowerment. This paper is an attempt to identify factors contributing to the empowerment of women through microfinance initiatives. This empirical analysis uses information collected through structured questionnaire, selecting solely based on their capacity to explain the different dimensions of women empowerment. Result of the study also provides more effective design for efficient microfinance initiatives among self-help group members. After analysis, the factors most contributing to the empowerment of women SHG members emerged are; Political Engagement, Mobility & independence, Economic benefits, Self confidence & Respect, relevance of education, Protest against social ills and Financial planning & control.
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