Study on Role of Bandhan Bank Microfinance in Women Entrepreneurship with Reference to Gorakhpur Region

Abstract

Concept of microfinance is emerged in order to meet the goal of empowerment of women, specially related to low-income and weaker section of society. Microfinance plays an important role in order to provide an entrepreneurial option for women, who are socially disadvantaged and economically exploited for their social and economic upliftment.

Microfinance is increasingly being considered as one of the most effective tools of reducing poverty and increasing financial inclusion. Mr. Chandra Shekhar Ghosh founded Bandhan financial services limited in the year 2001, in order to provide loans to weaker section of society, those who have not able to get the loans from traditional banking services. Women have also rights of good health, financial security, access of education and other opportunities and for that, microfinance has helped women to achieve these all rights in order to improve quality of their life in both economic and social settings.

And through this paper, efforts have been made to know the role of Bandhan bank microfinance in women empowerment through women entrepreneurship in Gorakhpur region, to know about the purpose of taking loans, what is the changes in the women’s socio-economic settings and to know about loopholes in these process and for reducing these all drawbacks what corrective measures should be taken with reference to future prospective in order to improve the process of microfinance in Gorakhpur region.