International Journal of Education and Management Studies

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Entrepreneurship and Empowerment of Women:In Context of Micro-Financing


Affiliations
1 Department of Sociology, CR Law College, Hisar, Haryana, India
     

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One third of the world's poor reside in India and about 87 percent of the poorest households do not have access to credit. For the development of a country and sustainability, it is important to focus on empowering women. In order to improve the socio-economic conditions of the population of any country, it has become important to empower women economically by enhancing their role to the utmost level. Women Empowerment refers to an increase in the strength of women such as spiritual, political, social or economic. The empowerment of women through micro-financing leads to benefits not only to the individual women, but also for the family and community as a whole through collective action for development. Microfmance is emerging as a powerful tool for poverty alleviation in the new economy. It refers to collection of banking practices built around providing small loans and accepting tiny deposits. The loans are offered to individuals who belong to the low-income group for income-generation purposes. All the government and non-governmental organizations are running various projects to uplift women. The job of these institutions doesn't end with just providing loans. They also stick to the borrower till they are capable to run their businesses on their own. As a result, large ratio of women has started small scale business from their homes and became role models to women in their communities. So, it is on record that the success rate of the micro-financing institutions in India is very high and these institutions are growing with every passing day. The more successful the micro-financing institutions will be in India, more will be the improvement rate of the poor section in the country.

Keywords

Micro-Financing, Entrepreneurship, Empowerment of Women.
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  • Entrepreneurship and Empowerment of Women:In Context of Micro-Financing

Abstract Views: 349  |  PDF Views: 0

Authors

Rijul Sihag
Department of Sociology, CR Law College, Hisar, Haryana, India

Abstract


One third of the world's poor reside in India and about 87 percent of the poorest households do not have access to credit. For the development of a country and sustainability, it is important to focus on empowering women. In order to improve the socio-economic conditions of the population of any country, it has become important to empower women economically by enhancing their role to the utmost level. Women Empowerment refers to an increase in the strength of women such as spiritual, political, social or economic. The empowerment of women through micro-financing leads to benefits not only to the individual women, but also for the family and community as a whole through collective action for development. Microfmance is emerging as a powerful tool for poverty alleviation in the new economy. It refers to collection of banking practices built around providing small loans and accepting tiny deposits. The loans are offered to individuals who belong to the low-income group for income-generation purposes. All the government and non-governmental organizations are running various projects to uplift women. The job of these institutions doesn't end with just providing loans. They also stick to the borrower till they are capable to run their businesses on their own. As a result, large ratio of women has started small scale business from their homes and became role models to women in their communities. So, it is on record that the success rate of the micro-financing institutions in India is very high and these institutions are growing with every passing day. The more successful the micro-financing institutions will be in India, more will be the improvement rate of the poor section in the country.

Keywords


Micro-Financing, Entrepreneurship, Empowerment of Women.

References