期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2022
卷号：4
期号：2
页码：1031-1034
DOI：10.35629/5252-0402843849
语种：English
出版社：IJAEM JOURNAL
摘要：In the 1970s, when researchers looked for new ways to help the poor, particularly those in developing nations, microfinance emerged as one of the most powerful weapons for poverty reduction science. Microfinance may play a critical role in delivering financial services to the poor and low-income group in a country like India, where 70% of the population lives in rural areas and most of them rely on agricultural operations. In a developing country like India, microfinance is seen as a valuable tool for socioeconomic upliftment. As a result, microfinance has the potential to significantly improve the standard of living of the rural poor. This article looks at how microfinance organisations in India go about eradicating poverty and empowering the underprivileged, particularly women. It also aims to discover how microfinance services contribute to societal equality. It also aims to create a model of various microfinance services that can lead to women's empowerment, influencing women's decision-making power at home and encouraging women's mobility inside and outside their communities. The goal of this research is to learn how microfinance helps disadvantaged women increase their literacy, selfconfidence, courage, skill development, and empowerment.
