Classification of factors respect to Microfinance relate to Women Empowerment in women of rural Gujarat

Microfinance scheme is mainly prepared for betterment of lower class of the society who are unable to reach to formal financial sector due to one or more reason. To fulfil the requirements of small amount, the microfinance scheme is one of the best source of borrowed funds. In India, microfinance services are basically provided through SHG-Bank linkage programme and through microfinance institutions (MFIs). The author has studied the impact of microfinance programme on women of Gujarat with the help of discriminant analysis. The author found that change in women’s life has highest impact on women empowerment while other factors includes loan procedures, saving related matters, usage of loan amount and women’s autonomy.