An evaluative study of empowering women through micro finance
Micro finance has emerged as a major hope for the millions of rural/urban poor for
dealing with 'poverty and dignity". Poverty is a multi-sectoral problem and does not fit into any one of the sectors. Hence, an innovative approach is the need of the hour rather than the sectoral approach in addressing the poverty. United Nations has set Millennium Development Goals in 2000 and one of the goals is to halve the proportion of people suffering from poverty and hunger by 2015. Under this context, the Micro finance is emerging as a poverty reduction and women empowerment tool.
In India, the concept of micro finance was introduced by NABARD in the nineties to bridge the gap between demand and supply of funds in the lower rungs of the Indian economy. It aims at the eradication of rural and urban poverty through the linkage of SHGs with Micro Finance Institutions.
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