European Journal of Molecular & Clinical Medicine

Abstract

In India, there are several financial schemes that come into existence for women’s empowerment – microfinance is one of those. This is one of the financial schemes that aim to help those people who are not able to get loans from banks or other financial institutions. Empowering women is one of the purposes of microfinance.
Microfinance is an important practice of extending those small collateral-free loans or financial assistance for those underserved individuals mainly for developing those areas without getting any access to credit.
You will come across various microfinance institutions that include those of financial inclusion and also non-government organizations generally target those of browsers. Microcredit offers adequate financial support for maximizing the exact value of physical capital.
The main purpose of this research is mainly for evaluating the great impact of those microfinance programs primarily including complete access to microcredit and also then saving groups. It thus helps in women’s empowerment.
How Microfinance Empowers Women in India