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How Far is Microfinance Relevant for Empowering Rural Women? An Empirical Investigation

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  • Srimoyee Datta
  • Tarak Nath Sahu

Abstract

Empowerment has been treated as one of the influential poverty alleviation strategies of the day. Various microfinance institutions have emerged with the objective to enhance empowerment, especially for women through different assistance programs. This study attempts to explore the impact of microfinance institutions towards the economic, social, and psychological empowerment of women borrowers using primary data collected through a structured questionnaire from the backward districts of West Bengal, India. In addition, the study also tries to identify the important determinants of empowerment among such borrowers. Applying t-test, logistic, and ordered logistic regression it has been observed that Microfinance Institutions (MFIs) have a significant role towards betterment in the standard of living and empowerment of such women borrowers.

Suggested Citation

  • Srimoyee Datta & Tarak Nath Sahu, 2022. "How Far is Microfinance Relevant for Empowering Rural Women? An Empirical Investigation," Journal of Economic Issues, Taylor & Francis Journals, vol. 56(1), pages 97-112, January.
    • Handle: RePEc:mes:jeciss:v:56:y:2022:i:1:p:97-112
    DOI: 10.1080/00213624.2022.2019552
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    Cited by:

    1. Zhian Zhiow Augustinne Wong & Ramez Abubakr Badeeb & Abey P. Philip, 2023. "Financial Inclusion, Poverty, and Income Inequality in ASEAN Countries: Does Financial Innovation Matter?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 471-503, September.
    2. Jiming Li & Xiaoxi Li & Jile Wang, 2023. "Empirical Study on the Key Influencing Factors and Development Mechanisms for the Sustainability of Microfinance Institutions Based on a Survey of Chinese Microcredit Companies," Sustainability, MDPI, vol. 15(12), pages 1-13, June.
    3. Faria Islam Oridi & Md. Shawan Uddin & Md. Faisal-E-Alam & Taha Husain, 2022. "Prevailing factors of rural women entrepreneurship in Bangladesh: evidence from handicraft business," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 305-318, December.

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