IMPACT OF MICROFINANCE ON SOCIO-ECONOMIC EMPOWERMENT OF WOMEN MEMBERS OF SHGS; AN ANALYSIS OF KOLAR DISTRICT
The two models of Microfinance Institutions and SHGs models are helping in reducing poverty, empowering women and are creating awareness on overall socio-economic empowerment of its members. Empowering the rural poor in the main aim of microfinance and we have a recorded the importance microfinance in empowering rural poor women of Kolar District of Karnataka state. The intervention of microfinance and its role in empowering rural poor women in Kolar is studied in two ways viz. Social and Economical based empowerment based on several individual indicators. The primary data has been considered for the understanding the impact of microfinance on socio-economic empowerment of rural poor women in Kolar. To indicate the socio-economic empowerment of rural poor women, we have used socio-Economic indicators with a stratified purposive sampling with a sample size of 250 for the purpose. To study the impact of microfinance we have used Socio- Economic empowerment index is used and the study finds that after joining the microfinance programme, there is a significant improvement in overall socio-economic conditions of sampled membersThe study covers all MFIs (Trusts, Societies, Co-operatives, and NBFCs) registered in any legal form anywhere in India but are operating in Kolar as well as samples of SHGs Members (Created through different agencies like: Government or NGOs) in Kolar.
MFIs, SHGs, Economic Empowerment Index, Social Empowerment Index