Impact of microfinance on empowering women in rural area -A Study With Reference to Yamunanagar (Haryana)

Women Empowerment means creation of an environment for women where they can make decisions of their own for their personal benefits as well as for the society. “When women succeed, nations are more safe, secure and prosperous” (Barack Obama). Women is an important part of over society but unfortunately society not gives importance and equal rights as compared to men due to more dependency on male members, illiteracy, lack of credit accesses.. Empowering women is to make them independent in all area including mind, thought, rights, decisions, etc by leaving all the social and family limitations. To improving the future of the family, society and country empowering of women is very necessary. To empowering women, Microfinance is panacea. Microfinance in India started in early 1980s with the objective of providing basic financial services of credit and savings to poor people and women. Under this government provide loan to women and weaker section of society at concessional interest rate. This study is undertaking to examine the impact of microfinance on empowering rural women's using same variables income and employment level, violence against women, self- respect, participation in family decision making, and improve unbanked data in Yamunanagar district of Haryana. For this study primary data is collected through questionnaire and statistical technique- chi- square, percentage used to analyzed data. On the basis of analysis we concluded that there is positive impact of microfinance on empowering women in reference of increase income, participations in decision making, boost their self esteem and confidence etc.