Micro Finance — A Tool for Elevation of Social Entrepreneurship through Women Empowerment

Abstract

The economic development of any country aims at bringing out changes in social life rather than modernization. Micro finance as a strategy involves the provision of a broad range of financial services, such as loans, deposits, payment services, remittances, pension and insurance to poor and low-income households. This study ventures to understand and assess the role that micro finance plays as a tool for elevation of social entrepreneurship through women empowerment. A sample study has been conducted on the self help groups in Thanjavur District of Tamilnadu, which is covered by agricultural occupation with both urban and rural areas. This study covers 10 villages with a sample size of 174 SHG members. Survey method has been followed to collect the primary data by administering an interview schedule. The result shows that irrespective of age, marital status, family size and number of members, the SHG members are able to venture any business and earn the income.