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ZENITH International Journal of Business Economics & Management Research
Year : 2013, Volume : 3, Issue : 11
First page : ( 154) Last page : ( 164)
Online ISSN : 2249-8826.

Microfinance: A catalyst of women empowerment through rural livelihood development

Parwez Sazzad

Research Scholar, Centre for Studies in Economics and Planning, School of Social Sciences, Central University of Gujarat, Sector-30, Gandhinagar, Gujarat (India)

Online published on 7 April, 2014.


This article is based on the premise that poverty has its own culture. Social system and subsystems of this culture are built on exploitation poor and especially women. The rich are exploiting the poor by putting them into a debt-trap of money-lending system. This system exists everywhere in the world wherever poverty exists. The poor people need money for their survival and as a result of it they become the part of the vicious circle of poverty where at one time they approach to the moneylenders and the other times to formal financial institutions. Micro-finance is an intervention based on social intermediation in which poor people can mobilize their savings, link it with credit and finally become self-employed and generate livelihood. It results in building social capital and livelihood. In the present paper an attempt has been made to understand the growth of micro-finance at rural level in India in particular and how micro-finance sector can contribute significantly for building social capital among poor and women. Microfinance services have expanded rapidly over the past three decades and have much potential to affect grass-roots economic development. However, without proper information sharing systems in place, maturing microfinance sectors often operate sub-optimally.



Self Help Group, Microfinance, Livelihood, Poverty, loan, Social capital.


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