2024, Vol. 5, Issue 1, Part C
Microfinancing on women entrepreneurs
Author(s): Varalakshmi, Diya U, Pooja S, Vismaya Reddy and Thisha K Jain
Abstract: Microfinance is becoming a more effective tool in the new economy for reducing poverty. Most microfinance initiatives have a definite focus on eradicating poverty and empowering women. For enrichment of the society, it is very important to educate the women and to empower her. An educated and empowered woman results into an empowered and prosperous society. Women empowerment can be brought into any society by not only educating her but by making her an important instrument in economic prosperity. The present study aims to study the role of microfinance in women empowerment among women entrepreneurs in the urban region of Bangalore, Karnataka. Microfinance institutions have played a crucial role in empowering women to start and grow businesses. Through a comprehensive analysis of data collected from women entrepreneurs who have accessed microloans, this research assesses the socio-economic changes, business growth, and empowerment outcomes. The findings suggest that microfinancing has positively influenced the entrepreneurial endeavors of women in Bangalore, leading to improved livelihoods, increased economic independence, and enhanced socio-economic well-being. Many leading public and private sector banks are offering schemes exclusively designed for women to set up their own ventures.
Pages: 212-216 | Views: 115 | Downloads: 52
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How to cite this article:
Varalakshmi, Diya U, Pooja S, Vismaya Reddy, Thisha K Jain. Microfinancing on women entrepreneurs. Asian J Manage Commerce 2024;5(1):212-216.
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