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Role of microfinance in the development of women entrepreneurs

Author: 
Arpita Singh
Subject Area: 
Social Sciences and Humanities
Abstract: 

Women always lack financial independence and also the resources that can help them take an accelerating path towards their goals. Final security has always been a bigger concern for women in society. Especially rural women face much more difficulty in creating good income factors for their families in the absence of financial management. Women entrepreneurs faced much more challenges than any other small-scale industry or service industry ever faced yet. Is it because people question their potential of repaying their debts? Or does patriarchal society dominate the financial structure in most countries, especially in India? Or People don't see the vision of female entrepreneurs as much as they want to invest in the male part of society? Multiple questions and reasons can be seen in the scenario but we need to look over the aspects that have truly helped women in achieving their goals in the hard and cruel conditions of financial security. The role of microfinance has been seen as a Revolutionary idea on the grounds of women's entrepreneurship. Females are seeking this option to support their social and economical development. Is this contribution helping women or is it just an illusion to exhibit?

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