Experiencing Microfinance’s Potential: Facilitating Rural Women’s Employment Skills

This paper examines the impact of microfinance on employment generation in the rural area of Uttar Pradesh while discussing the socio-economic variables, such as age, marital status, education, business experience, etc., after joining SHGs. Using multistage random sampling, data from 270 borrowers were collected. Percentage, factor analysis, correlation, and multiple regression analysis were used to analyze the stated objectives using MS-Excel and SPSS 23. A significant positive relationship was found between factors contributing to employment generation on the performance of microfinance, and age, education, and loans through SHGs have a higher impact on employment. This study confirms that microfinance helps in the employment generation of rural women through proper and timely loan assistance, allowing them to start micro-businesses. For a more significant impact, policies should be created to improve educational opportunities and supportive and promotional services for the development of rural women.