Micro Finance, Empowerment of Rural Women and MDG3. An Empirical Study in Tamil Nadu

Abstract

As a result of participating in microfinance through SHGs, the study concludes that there is empowerment of women. Among various dimensions of empowerment, information empowerment ranks first followed by psychological empowerment, economic empowerment, managerial empowerment, political empowerment and social empowerment. Hence the study concludes that microfinance through SHGs empowers women and the microfinance through SHG is an effective instrument to achieve MDG3 and MDG 3 can be achieved in India by 2015 through microfinance.