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Microfinance as a Weapon to Gain Empowerment: A Study on Rural Women in Nabagram Block in Murshidabad of West Bengal
Abstract
The aim of development policies of any country around the world is to include the marginalised people into development process. Women generally belong to this marginalised group who are struggling over the period of time for their basic sustenance. Microfinance is among one such development strategies to alleviate poverty. However, success of such initiatives depends on the interaction among the several social processes within multi-dimensional society. Aim of this chapter is to evaluate the contribution of microfinance as a weapon to gain empowerment of women on a case study in Nabagram Block of West Bengal, India. It is observed from the study that 73% of respondents have reported that they have utilised their loan on such income generating activities which are different from the prime occupation of the family. Also, the study reveals that members of SHGs seek for greater assistance from facilitators as well as funding authority regarding information, skill development training, raw material supply and process of marketization of their products.
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