Influence Of Microfinance On Economic Empowerment Of Women

Abstract

Women have competencies of changing the society along with the world. In developing countries, women are facing evil of gender discrimination. Men and women are not equally privileged but scenario is changing now because females are being empowered but still women are suffering from gender inequality problem. Women empowerment is need of hour for development of the world. The government took initiative in form of microfinance to carry forward women in life. So, it becomes necessary to analyse influence of microfinance on women empowerment. It is based on descriptive research design with using multistage sampling technique. The sample size is 400 rural women beneficiaries of Haryana and information is collected by pre-designed questionnaire through interview Data is conducted through SPSS. Regression and correlation analysis is used to examine data through SPSS. Microfinance measured through micro-credit and micro saving. Economic empowerment selected indicators are household income and household saving. The researchers found that there is positive impact of microfinance on economic empowerment of women. This study will be fruitful for the government, microfinance institutions and banks in policies making to empower women. This study could encourage women for savings and investing activities. It might inspire women to take part in microfinance schemes