Evaluation of the benefits of micro credit: a study with reference to women beneficiaries in Idukki district

  • Authors

    • Sheena Jose
    • S M. Chockalingam
    2018-03-01
    https://doi.org/10.14419/ijet.v7i1.9.9820
  • Microcredit, Women Beneficiaries, Economic Empowerment, Social Recognition.

  • Abstract

    Microcredit is a dominant instrument and a sensible attempt of nations to reduce poverty and boost up the development process. When the poor people particularly women get access to credit, they become economically powerful to improve themselves, their family, society as well as the entire nation. It is a revolutionary financial setup for poor people. The importance of microcredit has been proven and many countries adopt this as a powerful instrument to alleviate poverty. Empowerment is a multifaceted process of change which can be experienced by every individual in one way or the other. Financial support through the microcredit to women and their families play a vital task in empowering them. Women can enjoy non-economic benefits along with the economic benefits like increase of self-esteem, social recognition, decision making power, respect from relatives and society. It is necessary to promote many more microcredit schemes in different phases to uplift women to the main stream of life.In this scenario, this paper is an attempt to evaluate the effect of microcredit on women beneficiaries in terms of income generation and asset acquisition. The paper also focuses on how microcredit initiatives affect poor women in terms of economic empowerment and social recognition.

  • References

    1. [1] Chatterjee U, Rama M &Murgai R, “Since 2005, Female jobs for women in Indiaâ€, The Indian Express, (2016).

      [2] Yadav K, “Rural Women Empowerment through Microfinanceâ€, Agropedia, (2010).

      [3] Parker J, “Empowering Women through Microfinance in Indiaâ€, Pacific Money Economics and Business, (2013).

      [4] Deshmukh–Ranadive J, “Data base Issues: Women’s access to Credit and Rural Micro-finance in Indiaâ€, (2002).

      [5] Sa-Dhan, “The Bharat Microfinance Reportâ€, (2016).

      [6] Puri H, Taneja B & Raj A, “Microfinance: A Tool for Women Empowerment in Indiaâ€, European Journal of Commerce and Management Research, Vol.2, No.5, (2013), pp.104-110.

      [7] Raja Rajewsari V, “Role of Microcredit in uplifting the Socio-Economic Status of Rural women in Tirunalveli Districtâ€, (2011).

      [8] Vishnuvarthini R &Ayyothi AM, “The Role of SHG in Women Empowerment-A Critical Reviewâ€, IOSR Journal of Economics and Finance, Vol.7, No.3, (2016), pp.33-39.

      [9] Kamalakara E & Sarika G, “Women empowerment through Micro-Financeâ€, International Journal in Multidisciplinary and Academic Research, Vol.2, No.2, (2011), pp.1-13.

      [10] Isaac J, “Expanding Women’s Access to Financial servicesâ€, The World Bank IBRD-IDA, (2014).

      [11] Kumar V, Chauhan M & Kumar R, “An overview of Microfinance in Indiaâ€, Abhinav National Monthly Referred Journal of Research in Commerce and Management, Vol.4, No.10, (2015).

      [12] Rajesh, M., and J. M. Gnanasekar. "Path Observation Based Physical Routing Protocol for Wireless Ad Hoc Networks." Wireless Personal Communications 97, no. 1: 1267-1289. (2017)

      [13] Paul S, “Impact of SHG-Bank Linkage Programme on Empowerment of Rural Poor in Keralaâ€, (2008).

      [14] Tarique DM & Thakur RK, “Growth of Micro-Credit in India: An Evaluationâ€, Micro-credit and Rural Development, (2009).

      [15] Bose B, “The economic Impact of Microcredit Disbursed through SHG’s:A study in Kerala stateâ€, International Journal of Management and Humanities, Vol.03, No.01, (2016).

      [16] Addai B, “women Empowerment through Microfinance: Empirical Evidence from Ghanaâ€, Journal of Finance and Accounting, Vol.5, No.1, (2017), pp.1-11.

      [17] Dash M, Prasad VM & Koshy CJ, “Women empowerment through microfinance servicesâ€, Journal of Applied Management and Investments, Vol.5, No.1, (2016), pp.20-25.https://doi.org/10.11648/j.jfa.20170501.11.

      [18] Chakraborty R &Jayamani CV, “Impact of micro finance on women empowerment in Chittagongâ€, IOSR Journal of Economic & Finance (IOSR-JEF), Vol.2, No.1, (2013), pp.28-34.

      [19] Esmat Ara M &Seddiky A, “Impact of Grameen Bank Microcredit Program on the Livelihood Status of Women Beneficiaries in Bangladeshâ€, American International Journal of Research in Humanities, Arts and Social sciences, Vol.9, No.4, (2015), pp 323-332

      [20] Dr.Reji, “Economic Empowerment of Women through Self Help Groups in Keralaâ€, International Journal of Marketing, Financial Services & Management Research, Vol.2, No.3, (2013), pp.97-113.

      [21] Asim S, “Evaluating the Impact of Microcredit on Women’s Empowerment in Pakistanâ€, CREB Working Paper, (2008)

      [22] Irshad MK &Sathyadevi R, “Women empowerment and Microfinance in Keralaâ€, International Journal of Scientific Engineering and Applied Science, Vol.1, No.6, (2015), pp.361-368.

      [23] Rajani KG and Vijay Lakshmy KV, “Involvement of SHGs for Women Empowerment in Kerala-A theoretical approachâ€, International Review of Research in Emerging Markets and the Global Economy, Vol.1, No.2, (2014), pp.66-80.

      [24] Panackal N, Singh A &Hamsa S, “Kudumbashree and women Empowerment in Kerala-An overview and Theoretical Frameworkâ€, Indian Journal of Commerce and Management studies, Vol.8, No.1, (2017), pp.16-21.

      [25] Selvaraj N, Suganya M &Alagukanna AS, “A Study on the Socio-economic Donditions of the Women Beneficiaries on Micro Credit in Madurai, Tamilnaduâ€, Journal of Entrepreneurship & Organization Management, Vol.4, No.4, (2015).

      [26] Status of microfinance in India 2016-17. NABARD

      [27] Kudumbashre Mission DAY NRLM Annual action Plan 2017-18.

  • Downloads

  • How to Cite

    Jose, S., & M. Chockalingam, S. (2018). Evaluation of the benefits of micro credit: a study with reference to women beneficiaries in Idukki district. International Journal of Engineering & Technology, 7(1.9), 191-195. https://doi.org/10.14419/ijet.v7i1.9.9820

    Received date: 2018-03-03

    Accepted date: 2018-03-03

    Published date: 2018-03-01