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Impact of Financial Inclusion and Microfinancing on Women Empowerment in India: A Review
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Author(s): Richa Nangia (K.R. Mangalam University, India), Rashmi Singel (Manav Rachna International Institute of Research Studies, India), Swati Shrivastava (Sushant University, India), K. Shama Sharma (K.R. Mangalam University, India)and Vijay Anand Dubey (Sushant University, India)
Copyright: 2023
Pages: 14
Source title:
Empowering Women Through Microfinance in Developing Countries
Source Author(s)/Editor(s): Yahaya Alhassan (University of Sunderland in London, UK)and Uzoechi Nwagbara (University of Sunderland in London, UK)
DOI: 10.4018/978-1-6684-8979-6.ch005
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Abstract
This chapter explores the multifaceted linkages between microfinancing, financial inclusion, and women empowerment in India. It delves into the key mechanisms through which improved access to microfinancing and other financial services fosters women's economic, social, and political empowerment. The current study helps the financial regulators, government, and the banking industry to know the state of financial inclusion and to analyse the impact and effectiveness of the initiatives and measures taken by them on the empowerment of women in India. It is also providing in-depth knowledge to policy makers to review the existing policies regarding financial inclusion through microfinancing so as to have a substantial impact on women empowerment.
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