Microfinance and women’s empowerment

Abstract

Microfinance is a Important provision of financial services releasing to saving no access to low-income poor household having no access to formal financial organisations. It has been instrumental in removing poverty of the society, empowering the socially low- income bracket people, locating gender related issues and for promoting the society. Microfinance has hence developed as important tool for insuring economic and social upliftment and empowerment to the low- income poor people of the society. In India Microfinance has played key role in gender and development strategies due to its relationship of both poverty alleviation and empowerment of women. A woman is the most significant elements of society and is playing a pivotal role in the socio-economic development of Bihar. Microfinance programs like the SHGs in India have been promoted for positive impact on poverty alleviation and women empowerment.