Abstract

Availability of sufficient funds and its easy access to poor is one of the prerequisite for the growth and development of any developing nation. Financial Institutions play a great role in smooth flow of funds from savers to borrowers. But when majority of the population is deprived of this benefit, then it becomes a serious issue for all. This problem is on an alarming scale in India. Even today majority of its population has no easy access to credit from the formal sources. This shows that India has a long path ahead in achieving the objective of complete financial inclusion of the citizens. This indicates that there is a need of introducing some innovative idea which will link the poor households with mainstream financial institutions. Microfinance is one such approach which has a potential in ‘reaching the deprived population’. All micro-finance ventures aim at poverty alleviation, socioeconomic advancement, women empowerment and capacity building of the downtrodden. The present study focuses on socio-economic empowerment of women through micro enterprises with reference to Study of SHGs in Pune city.

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