Impact of Micro Finance - An Empirical Study on the Attitude of SHG Leaders in Vellore District (Tamil Nadu, India)

Abstract

Micro finance through Self Help Group (SHG) has been recognized internationally as the modern tool to combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty, empowering women, creating awareness and ensure sustainability of environment which finally results in sustainable development of the nation. Hence Millennium Development Goals and sustainable rural development can be achieved by microfinance through SHG. This paper analyses the impact of microfinance on the empowerment in psychological, economic and social aspects and managerial skills of leaders of SHGs and their attitude in Vellore district.

Keywords: Micro finance, SHG, Poverty , Managerial skills, empowerment, awareness.