WOMEN EMPOWERMNET THROUGH MICRO FINANCE1. INTRODUCTION
The non-availability of credit and banking facilities to the poor and underprivilegedsegments of the society has always been a major concern in India. Accordingly, both theGovernment and the Reserve Bank have taken several initiatives, from time to time, suchas nationalisation of banks, prescription of priority sector lending norms and concessionalinterest rate for the weaker sections. It was, however, realised that further direct effortswere required to address the credit needs of poor. In response to this requirement, theconcept of micro finance movement has evolved in India in early 1990s.The term micro finance is of recent origin and is commonly used in addressingissues related to poverty alleviation (make easy), financial support to micro entrepreneurs,gender development etc. Micro finance is the provision of thrift, credit and other financialservices and products of very small amounts to the poor for enabling them to raise their income levels and improve their living standards. It has been recognised that micro financehelps the poor people meet their needs for small credit and other financial services. Theinformal and flexible services offered to low-income borrowers for meeting their modestconsumption and livelihood needs have not only made micro finance movement grow at arapid pace across the world, but in turn has also impacted the lives of millions of poor positively. This movement not only proved to be very successful, but has also emerged asthe most popular form of micro finance in India.
RESEARCH METHODOLOGYNeed for the study
Now a days the women also playing a vital role in the economic development of thecountry by actively participating in various activities like managing the businesses,establishing business units, going abroad for the employment, indulging in research anddevelopmental activities, contesting in elections apart from managing household bearingchildren. But there is no exception for rural women. They are bringing income with productive activities such as field working, running small and petty businesses etc. They