Vol. 11, Special Issue 3 (2022)

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

Abstract:
Microcredit refers to very small loans for unsalaried borrowers with little or no security, provided by registered institutions. It is meant to help improve people's quality of life by lending them a small amount of money for a short period of time. Microcredit is one of the important ingredients in empowering income of poor women. The micro credit facility has significant impact in Jabalpur and Chhindwara district of Madhya Pradesh by providing loan to the rural women agripreneurs for agricultural and allied activities. The survey of purposively selected 180 women respondents has clearly established socio-cultural, psychological and economical gain. About 37.88% were in category of receiving amount of fifty thousand to one lakh amount of micro credit. Further, the scanning the socio economic data included that major of the respondents were in the middle age category with high secondary education, had medium family size and high social participation being the members in more than one organization.