Impact of Microfinance on Women's Economic Empowerment in Rural Areas of Kancheepuram District

This study looks into how microfinance in Kancheepuram district, India, affects rural women’s economic empowerment. Using a five-point Likert scale in a structured questionnaire, the study employs a quantitative survey-based research approach to evaluate important markers of economic empowerment. Increases in family income and savings, crisis management skills, less reliance on borrowing money from lenders, carefulness in spending, control over credit and loans, own housing, and appropriate rights in property are some of these signs. The sample is made up of women who were chosen at random from microfinance schemes. Regression analysis, confirmatory factor analysis, reliability analysis, and descriptive statistics are examples of data analysis approaches. According to the research, women’s economic standing has benefited from microfinance, especially in terms of increased income, savings, financial independence, and asset ownership. The study emphasises the value of microfinance as a tool for rural women’s economic empowerment and stresses the necessity of state support for these kinds of programmes. The study does, however, admit certain shortcomings, such as possible response biases. Prospective study avenues encompass longitudinal investigations and qualitative techniques to enhance comprehension of microfinance’s enduring influence and efficaciousness in many socio-cultural settings.