Impact of Microfinance on Empowerment of Women (An Empirical Study in HALDWANI Region of Uttarakhand)

Microfinance provides financial and non financial services such as credit, insurance, remittances to unemployed or low individual especially women. Microfinance is emerging as an important tool in empowering women economically, socially and politically. Microfinance helps women in access to credit from financial institution and removes them from the clutches of moneylenders. The present paper examines the impact of Microfinance on income of the poor women. Whether Microfinance has resulted in improvement of income of women. The Haldwani region of Uttarakhand is selected. Primary data is enumerated from a field survey in the study region. The Researcher has used SPSS 21 paired t test for analysis purpose. The analyze shows that there is a significant impact on the income of women due to microfinance.