A STUDY ON EMPOWERMENT OF WOMEN THROUGH MICROFINANCE IN LUDHIANA

SUBMITTED BY: MEHAK SETIA MBA III A 1174065

INTRODUCTION
Empowerment is a multi-dimensional social process that helps people gain control over their own lives, communities and in their society, by acting on issues that they define as important. Empowerment occurs within sociological, psychological, economic spheres and at various levels, such as individual, group and community. Empowering women puts the spotlight on education and employment which are an essential element to sustainable development.

MICRO FINANCE
Microfinance is the provision of thrift, credit and other financial services and products of very small amounts to the poor people in rural, semi-urban or urban areas for enabling them to raise their income levels and improve living standards. The term Micro literally means small.

MICRO FINANCE
It is a type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately, the goal of microfinance is to give low income people (women) an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.

WOMEN AND MICROFINANCE

Poor women in particular benefit from microfinance services. Women's status, both in their homes and in their communities, is elevated when they are responsible for managing loans and savings. The ability to generate and control their own income can further empower poor women. Research shows that credit extended to women has a significant impact on their families' quality of life, especially their children. Poor women also tend to have the best credit ratings. In Bangladesh, for example, women have shown to default on loans far less often than men.

OBJECTIVES
To

critically analyze the significance of micro finance in bringing positive change in the lives of women. To develop a rational base for suggesting the availability of micro finance to reduce the poor socio-economic status of women. To determine the factors related to empowerment of women.

RESEARCH METHODOLOGY
Research Design Descriptive or Survey Design Primary Data Primary data collected from well structure questionnaire and interview method. Secondary Data Secondary data from previous journals, magazines books, & website. Sampling Technique Stratified random sampling technique. Sample Size 100 women clients who took micro finance.

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