The Impact of Microfinance on Women Empowerment in Palakkad District of Kerala

Abstract

      Women empowerment is particularly a critical economic concept and it always helps to take a step forward. The objective of microfinance is to provide the financial independence of women. This paper investigates the women empowerment in Palakkad district of Kerala, who have availed the loan through the microfinance scheme. The result reveals that major part of women availed the microfinance to promote the poultry farming business. Further, it is observed that the age group, father/spouse occupation, and monthly income are significantly related the women empowerment. Finally, it reveals that 62.6% of women were empowered through microfinance scheme offered by MFIs.