Subject and purpose of work: This paper reflects that change needs to be conceptualized as a process in which women are active agents or natural participants. It examines microfinance through three dimensions of social change, analyzing its role in addressing gender inequities and economic marginalization.
Materials and methods: The study is based on a comprehensive review of literature on microfinance, feminism, and social change, analyzing its impact on women's empowerment. It applies feminist theories to assess whether microfinance alleviates or reinforces gender disparities.
Results:Scholars, and policymakers have different perspectives on the effectiveness of microfinance programs. Proponents of microfinance see it as empowering women through economic activities, while critics argue it fosters exploitation by increasing debt burdens.
Conclusion:The study concludes that the effectiveness of microfinance in empowering women depends on structural and policy frameworks, requiring feminist-informed policies to address systemic issues for sustainable social change and gender equity.
REFERENCES(117)
1.
Adriana, P., Manolescu, I. (2006). Gender discrimination in Romania. Journal of organizational change management, 19(6), 766-771.
Ahikire, J. (2008). Vulnerabilities of Feminist Engagement and the Challenge of Developmentalism and the South: What Alternatives? https://doi.org/10.1111/j.1759....
Biewener, C. Bacque M., H. (2015). Feminism and the Politics of Empowerment in International Development, Air & Space Power Journal-Africa and Francophonie, 6(2), 58-75.
Cannon, C. E., Chu, E. K. (2021). Gender, sexuality, and feminist critiques in energy research: A review and call for transversal thinking. Energy Research & Social Science, 75, 102005. https://doi.org/10.1016/j.erss....
Chakraborty, S. (2012). Women’s participation in Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and their role in rural development: A study of West Bengal, India. Journal of Economic and Social Development, 8(1), 38-51.
Chakraborty, A., Sharma, P., Chaturvedi, D. C. (2019). Increasing impact of Self-help groups on Women empowerment and poverty alleviation: A study of reliability. International Journal of Advance & Innovative Research, 6(2), 35-38.
Chatterjee, A., Das, S. (2019). Microfinance and Self-Help Groups as Tools for Financial Inclusion: Evidence from India. International Journal of Business and Social Science, 10(6), 22-35.
Das, P., Patel, R. (2015). Role of Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGP) in women empowerment: A study in India. International Journal of Current Research and Academic Review, 3(4), 119-128.
Das, P., Patel, R. (2017). Role of self-help groups in promoting women empowerment: A study in India. International Journal of Research in Social Sciences, 7(2), 201-211.
Das, S., Kumar, A. (2015). Microfinance and women empowerment: An empirical study in India. International Journal of Research in Commerce, Economics and Management, 5(9), 58-61.
Das, S., Khan, A. (2016). Empowerment of women through Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): A study in rural India. International Journal of Social Economics, 43(12), 1203-1216.
Dasgupta, P. (2016). Microfinance and women’s empowerment in India. International Journal of Social Economics, 43(3), 256-269. https://doi.org/10.1108/IJSE-1....
Dasgupta, R., Khan, A. (2016). Self-help groups as an alternative credit system: A case study of rural India. International Journal of Economic Research, 13(3), 1173-1186.
Fazalbhoy, S. (2014). Self-Help Groups a Blessing for Women Entrepreneurs–Myth or Reality. Available at SSRN 2937559. http://dx.doi.org/10.2139/ssrn....
Huis, M. A., Hansen Otten, N., Lensink, R. (2017). A Three-Dimensional Model of Women’s Empowerment: Implications in the Field of Microfinance and Future Directions, Frontiers in psychology, 8.
Jakimow, T., V. Kilby (2006). “Empowering women: A Critique of the Blueprint for Self-help Groups in India,” Indian Journal of Gender Studies, 13(3):375-400.
Joshi, S., Rao, V., (2018). Who Should be at the Top of Bottom-up Development? A Case-Study of the National Rural Livelihoods Mission in Rajasthan, India, The Journal of Development Studies, 54(10):1858-1877.
Jothy, K., Sundar, I. (2002). Self-help groups under the women’s development programme in Tamil Nadu: Achievements, bottlenecks, and recommendations. Social Change, 32(3-4), 195-204.
Kabeer, N. (2005). Gender equality and women’s empowerment: A critical analysis of the third Millennium Development Goal. Gender & Development, 13(1), 13-24.
Kamala, S., Jyothi, U. (2018). Empowerment of Rural Women through Self Help Groups. International Journal of Current Microbiology and Applied Sciences, 7(10), 3048-3052.
Kanji, N. (2003). Mind the gap: Mainstreaming gender and participation in development, London: International Institute for Environment and Development.
Kumar, A., Mahajan, N., Chandel, N. (2018). Microfinance and poverty reduction: Evidence from India. International Journal of Management, IT and Engineering, 8(8), 308-320.
Kumar, R. (2021). Empowerment of Rural Women through Self-Help Groups: A Study in Jharkhand, India. Indian Journal of Agricultural Economics, 76(1), 1-15.
Malhotra, A., Schuler Boender, C. (2002). Measuring Women’s Empowerment as a Variable in International Development, World Bank Workshop on Poverty and Gender: New Perspectives, 28. Retrieved from: https://siteresources.worldban....
Manvar, H. A., Kathiriya, J. B., Thakar, D. S. (2019). Role of Self-Help Groups in Women Empowerment and Health. International Journal of Current Microbiology and Applied Sciences, 8(4), 31-38. England, P. (2001). Gender and feminist studies. https://doi.org/10.1016/B0-08-....
Ministry of Rural Development. (2006). Mahatma Gandhi National Rural Employment Guarantee Act, 2005: Operational Guidelines. Ministry of Rural Development, Government of India.
Mizrahi, T. (2007). Women’s Ways of Organizing: Strengths and Struggles of Women Activists Over Time. Affilia, 22(1), 39-55. https://doi.org/10.1177/088610....
Mukherjee, I., Sen, S. (2006). The Changing Status of Women in India-the Challenges Ahead. Available at SSRN 920326. https://dx.doi.org/10.2139/ssr....
Mukhopadhyay, M. (2016). Mainstreaming gender or “streaming” gender away: feminists marooned in the development business. In The Palgrave Handbook of Gender and Development: Critical Engagements in Feminist Theory and Practice (pp. 77-91). London: Palgrave Macmillan UK.
Nair, T. S. (1996). Entrepreneurship Training for Women in the Indian Rural Sector: A Review of Approaches and Strategies. The Journal of Entrepreneurship, 5(1), 81-94. https://doi.org/10.1177/097135....
Narasimha, B. C., Anand, P., Ravish, K. S., Navya, S. S., Ranganath, T. S. (2016). Role of self-help groups in women empowerment and health. International Journal of Community Medicine and Public Health, 3(8), 2026-2028.
Nayar, K. R., Kyobutungi, C., Razum, O. (2004). Self-help: What future role in health care for low and middle-income countries? International Journal for Equity in Health, 3(1), 1-10.
Oberhauser, A. M. Aladuwaka. V. (2020). Feminist Perspectives on Microfinance and Women’s Empowerment, Journal of Development Perspectives, 4(1-2), 59-78.
Patel, N. (2016). Women’s empowerment through Mahatma Gandhi National Rural Employment Guarantee Scheme: A study in Gujarat, India. International Journal of Research in Social Sciences, 6(2), 234-245.
Patel, R. (2016). Women Empowerment Through Microfinance: A Study on SHGs in Gujarat. International Journal of Economics, Commerce and Management, 4(3), 617-627.
Patel, S. (2016). Women and microfinance in India: Issues and challenges. International Journal of Research in Commerce, Economics and Management, 6(1), 34-38.
Petesch, P., Badstue, L. (2020). Gender norms and poverty dynamics in 32 villages of South Asia. International Journal of Community Well-Being, 3(3), 289-310. https://doi.org/10.1007/s42413....
Prabhakar, K., Latha, K. L., Rao, A. P. (2010). Empowerment of Women through Self-Help Groups (SHGs): A Case Study of Viswa Santhi Balananda Kendram (VSBK). Studies on Home and Community Science, 4(3), 133-136.
Ransom, E. Bain, C. (2020). Introduction to the Special Issue “Gender and Development in Rural Communities and Agriculture, Journal of Development Perspectives, 4(1-2), 1-8.
Revenga, A., Shetty, S. (2012). Empowering Women is Smart Economics-Closing Gender Gaps Benefits Countries as a Whole, not just Women and Girls, Finance and Development-English Edition, 49(1).
Roy, A. (2018). Microfinance in India: A study on women’s empowerment. International Journal of Business and Administration Research Review, 1(3), 1-6.
Roy, K. (2019). Microfinance and women empowerment in India: A case study. International Journal of Recent Advances in Multidisciplinary Research, 6(7), 422-427.
Sarker, D. (2006). Development Theory and Gendered Approach to Development: A Review in the Third World Perspective, Sociological Bulletin, 55(1), 45-66.
Sen, G. (2001). The Political Economy of Gender and Development in India: How Can Feminist Economics Help? Journal of International Development, 13(6), 819-832.
Sharma, A., Roy, B., Chakravorty, D. (2012). Potential of Self-Help Groups as an Entrepreneur: A Case Study from Uttar Dinajpur District of West Bengal. Journal of social sciences, 30(1), 83-87.
Singh, T. (2017). Government Initiatives for Rural Development in India: A Case Study of the Fourth Five-Year Plan. Journal of Development Studies, 30(2), 87-102.
Smith, J. (2020). Financial Empowerment and Access to Banking Services: A Study on Disadvantaged Groups in India. Journal of Financial Inclusion, 15(1), 55-68.
Sudarshan, R. (2011). Evaluating the Impact of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) on Rural Livelihoods and its Vulnerability Impact. Economic & Political Weekly, 46(31),.
Sudarshan, R.M. (2011). India’s National Rural Employment Guarantee Act: Women’s Participation and Impacts in Himachal Pradesh, Kerala and Rajasthan, Institute of Development Studies.
Ten Dam, G. T., Volman, M. M. (1991). Conceptualising gender differences in educational research: the case of the Netherlands. British Journal of Sociology of Education, 12(3), 309-321.
Venkatesh, J., Kala, K. (2010). Self Help Groups: A Tool to Boost up Woman Empowerment. Management and Labour Studies, 35(1), 75-83. https://doi.org/10.1177/025804....
Vinodhini, R. L., Vaijayanthi, P. (2016). Self-help Group and Socio-Economic Empowerment of Women in Rural India, Indian Journal of Science and Technology, 9(27), 67-89.
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.