Microfinanace –a tool for empowering role of women

In a society like India where male dominates, women have always been given treatment of underestimated and discriminated in all spheres of life, be it their family and social life or their economic and political life. Moreover, the religious and traditional duties of managing households create hindrances in their social and economic empowerment. Over the years various initiatives have been taken up by many Government and Non Government organisation to promote women empowerment especially in rural areas. One such initiative is the Microfinance intervention. Many leading public and private sector banks are offering schemes exclusively design for women to set up their own ventures. Even the unorganised sector has been heading into microfinance movement. The present paper is an attempt to understand the role of microfinance intervention in promoting women empowerment in rural India.