Case Study about Women Empowerment and Micro Finance: Kerala
Abstract: The subject of micro-finance is considered as significant and emerging trend in the present scenario for the empowerment of women. Micro finance programmes are promoted as an important strategy for women’s empowerment. Micro finance builds mutual trust and confidence between bankers and rural poor to encourage banking in a segment of population where formal financial institutions usually find difficult to reach. The present paper examines the economic impact of micro finance beneficiaries and whether the economic empowerment has resulted in the generation of a set of self reliant women.
Background: Ever since 1976, when Prof.Mohammed Yunus of Bangladesh began experimenting with micro-credit and women Self Help Groups( SHGs), to discuss, share their problems, to start organized investment and hence an attempt to come out from chronic poverty made a quiet revolution not only in Bangladesh but similarly placed other countries ‘by empowering the poor women’. The group-based approach not only enables the poor to accumulate capital by way of small savings but also helps them to get access to formal credit facilities. For the SHG members, the system has been found beneficial because of minimal procedural formalities, access to institutional credit without collateral offering, full autonomy in the selection of activity, and the availability of thrift for meeting urgent needs.
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