Role of microfinance in women entrepreneurship: An Indian experience
Dr. Shalini Devi
Women perform a vital role within their households and contribute significantly to the economic progress of communities. However, their ability to carry out this function effectively has been impeded by various challenges, including poverty, familial obligations, unemployment, societal prejudices, and inadequate income. An attempt is made to assess the impact of microfinance on female entrepreneurs in this study. To attain a comprehensive understanding of the correlation between microfinance and women's entrepreneurship, meticulous consideration was given to the selection of the study's research design, data collection methods, and analysis techniques. The study uses a descriptive research design, utilization of primary and secondary data sources, and a sample size comprising 120 respondents. To analyze the data and derive significant conclusions, the study additionally applied ANOVA tests and percentage analysis. The results provide conclusive evidence that microfinance is an effective instrument empowering women economically and fostering the development of sustainable businesses. The findings of this study offer significant implications for policymakers, financial institutions, and researchers. They underscore the importance of developing focused approaches to maximize the influence of microfinance on both inclusive economic expansion and women's entrepreneurship.