Microfinance: A Life Changer for Rural Women in India (A Research Study Conducted With Reference To Bhandara District in Maharashtra State)
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 7
Abstract
India is a developing country, 68.84% of Indian population resides in villages (According to Census 2011). Being an agrarian economy, majority of the population depends upon agriculture to earn a living. On an average, women make up about 43% of the agricultural labour force in developing countries. The gender inequality exists in demographic composition of a society depicted by the socio-economic conditions of female population, poverty, their literacy rate, employment opportunities, life expectancy etc. Census 2011 depicts that female population accounts for 48.5% of the total Indian population. Women need helping hands to improve their condition, they have no access to credits, they are unaware of financial terms/ products etc. Women are the most deprived ones in this Indian male dominated society. Microfinance emerged as a ray of hope for rural women, microfinance has made up with women’s expectation and provided them an opportunity to prove themselves and the society that they can play a pivotal role when it comes to earn a living, financial literacy, savings etc. Microfinance provides them financial assistance at their doorstep. This research study is a demure attempt to explain how microfinance has brought positive changes in lives of rural women of India and to answer why microfinance can be termed as a life changer for rural women.
Authors and Affiliations
Priya H. Rajput, Dr. S. A. Sonegaonkar
Keywords
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- EP ID EP412076
- DOI 10.9790/487X-2007011721.
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