Micro-Finance and Women’s Empowerment

Micro finance is also called microcredit called microcredit is a banking service, which is provided to the needy unemployed people or low –Income people who have no other access to financial services. Many institutions participating in the field of microfinance most often provide lending microloans can range from small 100$ to as large as $ 2500. Banks offer additional services such as checking, deposits and saving accounts and micro-insurance products, some even provide financial and business education to the needy ones. Women Empowerment is defined as the process of empowering the women. It may be defined in several ways including accepting women’s viewpoint and raising the status of women through education, their awareness, literacy and training. Women empowerment helps the women to make some decisions and it helps them to seek out from the different problems in the society. The main aim of the paper is to know the impact of microfinance in women empowerment.