The Impact of Microfinance on the Personal Empowerment of Women in Varanasi: A Model Analysis
Author : Dr. MP Singh, Dr. Manju Banik and Dr. Ravindra Patel
Abstract :
This paper explores the impact of microfinance on the personal empowerment of women in Varanasi, India. By examining both quantitative and qualitative data, the study highlights the access to financial services, enhancing women's self-esteem, decision-making capabilities, and economic independence. The results underscore the significant role played by microfinance in fostering personal empowerment and contributing to broader socio-economic development. This research paper aims at contributing to the ongoing debate regarding the effectiveness of microfinance by providing evidence-based insights into its influence on women's personal empowerment. The findings can inform policy decisions and MFI strategies to maximize the positive impact on women's financial well-being and participation in the formal economy.
Keywords :
Microfinance institutions (MFIs), personal empowerment, psychological distress, decision making
