Author Name : Uttam Chand Gautam and Seema Singh
Volume : II, Issue :I,September - 2016
Published on : 2016-09-29 , By : IRJI Publication

Abstract :

Microfinance has recent times come to be recognized and accepted as one of the new development paradigms for alleviating poverty through social and economic empowerment of the poor, with focus on empowering women. Microfinance is not just about giving microcredit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty it comes covers a wide range of services like credit, savings, insurance remittance and also non- financial services training, counseling etc. Women empowerment as a goal can be achieved if the made mind set is changed if it is recognized that women have their own personality and have every social and political right.