Role of Microfinance in Women Empowerment

The study attempts the role of microfinance in fostering women's empowerment in the rural areas. Microfinance, particularly through Self-Help Groups (SHGs), has emerged as a significant instrument for enhancing women's economic, social, and psychological well being. The study aims to assess women’s empowerment in terms of Economic, Social, and Overall Empowerment, the degree of freedom and decision-making among women members, challenges faced, and the overall impact on their empowerment. A structured survey was conducted among 112 women beneficiaries. The result of the study point out that access to microfinance significantly improves women's income levels, social participation, decision-making confidence, and financial independence.