The Impact of Micro Credit on the Empowerment of Women

Abstract

The chapter presents the vital role of micro credit in the empowerment of rural women. Indian women who live by the countryside generally isolate themselves within the confines of their homes and are actively involved in agricultural and related activities. Since women comprise 48.5% of the total Indian population, it becomes imperative to address the economic needs of this segment and hence this chapter is proposed. The chapter highlights the various schemes and non-governmental initiatives that help provide micro credit to rural, marginalized Indian women. These initiatives directly and indirectly make Indian rural women empowered financially, psychologically, and physically. The Sustainable Development Goals (SDGs) have been laid out by the United Nations because of the decades of hard work by various countries. It can be inferred by the chapter that the SDGs related to health, education, and women empowerment in rural areas can be very successfully managed by micro credit channels.