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Research Paper | Sociology | India | Volume 11 Issue 7, July 2022

Micro - Finance: An Indispensable to Women Entrepreneurship in Manipur

Y. Sushila Devi | Dr. S. Bhogendra Singh

Abstract: The present paper tries to highlight the key roles of microfinance in bringing of women entrepreneurship in Manipur. Microfinance, also called microcredit, is a type of banking service provided to unemployed or low - income individuals or groups who otherwise would have no other access to financial services. Globalization and economic liberalization with the doctrine of free markets have opened up tremendous opportunities for development and growth and consequent modification in livelihood strategies. In every society women play a critical role in the family and outside. Socio - economic advancement of a country can be judge best by the status and position of women. Women constitute half of the total population in the world Empowerments of women is a critical factor in the eradication of poverty through remunerative and non remunerative work at home, in the community and in the work place. Women in income generating activities are related to increase their status, role and decision making power in the family, community, and in the society. The extension service of small loans through Self Help Groups can help in the growth of micro enterprises in any region. Micro finance has evolved as need based policy and programme to meet the needs of neglected groups especially women, poor, rural deprived and marginalized group etc. Microfinance is one of the most effective and flexible strategy to fight against global poverty.

Keywords: Microfinance, Women Entrepreneurship, Socio - Economic Development, decision making, SHGs

Edition: Volume 11 Issue 7, July 2022,

Pages: 623 - 626