An Empirical Study on the Impact of Microfinance on Women Empowerment: Evidence from West Bengal
Keywords:
Women Empowerment, Microfinance InstitutionAbstract
Empowerment especially for women is a very important term of economy. It always helps to make a step forward. For that, Microfinance Institutions (MFIs) are designed to reach the poor, especially women who needs to be empowered by providing various assistance programmes. Now the question arises which factors are really helping and how they are helping to enhance the empowerment level of the borrowers. This paper is an attempt to comprehend the role of MFIs and its associated factors towards empowerment in Paschim Medinipur district of West Bengal. It deals with primary data of 220 borrowers collected through structured questionnaire and personal observation from the specified area. To serve the objective, a cross sectional research with a structural questionnaire was conducted. Applying ordered logistic regression it has been observed that MFIs do act as a supportive tool for psychological, economic and social empowerment of women borrowers of the selected district.
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