Vol. 11, Special Issue 3 (2022)

Author(s):
Poonam Chakrawarty, Dr. Seema Naberia and Dr. NK Khare

Abstract:
Microcredit is a method of accessing credit and other financial services for those who are deprived of a formal banking system. Women in India are major growers of food in terms of value, volume and number of hours worked on a day to day basis. Microcredit used as an instrument to bridge the gap between the accessibility of microcredit among poor rural women and sustainable socio-economic development, providing novelty to the concept of “sustainability of empowerment”. The study conducted in research area was found out that the buying new breeds of livestock and poultry as their major utilization of micro credit followed by purchasing farm equipments and capital assets. It was found that most of the women entrepreneurs were in category of receiving amount of fifty thousand to one lakh amount of micro credit followed by the women entrepreneurs receiving more than one lakh amount.