Micro Finance and Women Empowerment
‘Micro Finance and Women Empowerment ’
By Ms. Varsha Parikh
Lecturer
Department of Extension and Communication
Faculty of Family and Community Sciences
The M.S.University of Baroda
Vadodara 390002,Gujarat, India
E-mail : vbparikh@rediff.com
Micro Finance and Women Empowerment By Ms. Varsha Parikh
ABSTRACT
Self-help groups intermediated by microcredit have been shown to have positive effects on women. Micro finance refers to small savings, credit and insurance services extended to socially and economically disadvantaged segments of society. At present one of the successful ways through which microfinance services are being provided to poor people is through Self-Help Groups. The performance of different states SHGs data presented by different authors in different states shows new direction where microfinance is helping poor women coping with vulnerable situations building of assets, new livelihoods and accumulated savings help the coping strategies of the poor. Thus, present paper focus on the concept of SHGs and Micro Finance in India, Performance of SHGs and Microfinance scenario in different states of India, SHGs and Bank linkages in India and impact of microfinance on empowering women along with suggestions.
Key Words : SHGs, Micro Finance, Statewise performance of SHGs & Microfinance, SHGs and Bank linkage, suggestions
Micro Finance and Women Empowerment By Ms. Varsha Parikh
Empowerment is defined as the processes by which women take control and ownership of their lives through expansion of their choices. Thus, it is the process of acquiring the ability to make strategic life choices in a context where this ability has previously been denied. The core elements of empowerment have been defined as agency (the ability to define one’s goals and act upon them), awareness of gendered power structures, self-esteem and self-confidence (Kabeer 2001).
By Ms. Varsha Parikh
Lecturer
Department of Extension and Communication
Faculty of Family and Community Sciences
The M.S.University of Baroda
Vadodara 390002,Gujarat, India
E-mail : vbparikh@rediff.com
Micro Finance and Women Empowerment By Ms. Varsha Parikh
ABSTRACT
Self-help groups intermediated by microcredit have been shown to have positive effects on women. Micro finance refers to small savings, credit and insurance services extended to socially and economically disadvantaged segments of society. At present one of the successful ways through which microfinance services are being provided to poor people is through Self-Help Groups. The performance of different states SHGs data presented by different authors in different states shows new direction where microfinance is helping poor women coping with vulnerable situations building of assets, new livelihoods and accumulated savings help the coping strategies of the poor. Thus, present paper focus on the concept of SHGs and Micro Finance in India, Performance of SHGs and Microfinance scenario in different states of India, SHGs and Bank linkages in India and impact of microfinance on empowering women along with suggestions.
Key Words : SHGs, Micro Finance, Statewise performance of SHGs & Microfinance, SHGs and Bank linkage, suggestions
Micro Finance and Women Empowerment By Ms. Varsha Parikh
Empowerment is defined as the processes by which women take control and ownership of their lives through expansion of their choices. Thus, it is the process of acquiring the ability to make strategic life choices in a context where this ability has previously been denied. The core elements of empowerment have been defined as agency (the ability to define one’s goals and act upon them), awareness of gendered power structures, self-esteem and self-confidence (Kabeer 2001).
References: Karmakar K.G., Micro Finance in India(Ed).Sage publications, New Delhi, 2008 Debadutta Kumar Panda , ‘Self Help through Microfinance: A Paradigm Shift in Orissa, India’