• Ms. Priyanka B. Patil
• Dr. M.M.Munshi

An Empowerment is the practice of apting stronger and more self-assuring, particularly in controlling life and claiming rights. To be that self relaing and empowered it is very much necessry to make positive development in poor and low income client in all diamentions like economic, social, political empowerment. For this microfinance helps these clients in providing financial services such as helping them in opening savings accounts, insurance funds and credit provided so as to help them to increase their income, thereby improving their standard of living. Microfinance helps these poor women in income generating activities by making provision of microloans for small businesses lacking access to credit. The mechanism opted for this is first Relationship based banking for individual entrepreneurs and small businesses; and second is group-based models, where several entrepreneurs come together to apply for loans and other services as a group. Over time, microfinance has emerged as a larger movement whose object is a world in which as everyone, especially the poor and socially marginalized people and households have access to a wide range of affordable, high quality financial products and services, including not just credit but also savings, insurance, payment services, and fund transfers. This paper puts forward how micro finance has received extensive recognition as a strategy for economic empowerment of women. This paper seeks to examine the impact of Micro finance with respect to poverty alleviation and socioeconomic empowerment of rural women. An effort is also made to suggest the ways to increase women empowerment.

Key Words- Empowerment, Micro finance, Self Help Group, Women, Poverty.

"“Women Empowerment through Micro finance and Self Help Groups”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 5, page no.1045-1055, May-2020, Available :http://www.jetir.org/papers/JETIR2005283.pdf

"“Women Empowerment through Micro finance and Self Help Groups”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 5, page no. pp1045-1055, May-2020, Available at : http://www.jetir.org/papers/JETIR2005283.pdf