The Advantages Of Microfinance

21st CENTURY WOMEN BENEFITED BY MICRO FINANCE

A REFERENCE TO MYSORE DISTRICT

Mr. Girish Kumar M

Assistant Professor

Department of Post Graduate Studies in Commerce

Basudev Somani College, Kuvempunagar, Mysore

Email:[e-mail], Ph:9731864722

Miss.Vidya Shree K

Assistant Professor

Department of Commerce

Basudev Somani College, Kuvempunagar, Mysore

Email:[e-mail], Ph:8553960895

Abstract

Microfinance is a type of banking service which provides access to financial and non-financial services to low income or unemployed people. Microfinance is a powerful tool to self-empower the poor people especially women at world level and especially in developing countries. Microfinance activities can give them a means to

The present paper study is of analytical exploratory and diagnostic in nature and makes use of secondary data. This secondary data information are collected from publications of journal of finance and also from the study of some old articles. This study suggest that the Government and other donors should concentrate not only the immediate of women but it should give more importance to root cause of women’s powerlessness. Finally the study conclude that the empowerment status of women in India can be significantly improved by increasing their income generating activities by providing loans without any collateral through different microfinance program. As in our society male child considered their right hand in old age and when they have large number of male children women will get priority in household

They all concentrated on economic growth by the women who is benefited by the microfinance and also they study the decision making power of women, income of women, female education, marriage practice, mobility violence against women and self-respect.

Hunt and Kasynathan (2002) describes that microfinance programs for women have positive impact on economic growth by improving women income generating activities. Most of women receiving credit have no control over their loans due to low access to markets. The author finds that the impact of Microcredit on female education, marriage practice, mobility, violence against women and self-respect. Moreover, microfinance which is designed for the poorest, actually not reached to the poorest people. So donors and NGO’s must concentrate on the access of credit to the poorest people.

Malhotra and et al, (2002) worked on conceptualization and operationalization of term empowerment rather than to review its indicators. They highlighted economic, social, interpersonal, legal, political and psychological dimensions of empowerment. Empowering themselves is not only responsibility of individual women. Government and other institutions should promote policies that ensure gender equity through political and legal