DOI: 10.70650/rvimj.2025v2i12002

  DOI URL: https://doi.org/10.70650/rvimj.2025v2i12002

Abstract: Women’s empowerment constitutes a vital avenue for sustainable development and poverty reduction in developing economies. This research paper examines the impact of microfinance, particularly through Self-Help Groups (SHGs), in empowering women in India and other developing nations. The study explores how microfinance initiatives have transformed women’s economic participation, decision-making capabilities, and social mobility. Through an analysis of existing literature and empirical evidence, this paper demonstrates that microfinance serves as a powerful tool for women’s empowerment, though its effectiveness depends on various socio-cultural and institutional factors. The findings reveal that access to financial services enhances women’s self-confidence, household decision-making power, and economic independence, while simultaneously addressing systemic gender inequalities.

Keywords: Microfinance, Women Empowerment, Self-Help Groups, Poverty Alleviation, Economic Development, Financial Inclusion.