How Microcredit Supports the Employability in the New Normal Era? A Study on Rural Backdrop of India

Datta, Srimoyee; Sahu, Tarak Nath

doi:10.1007/978-3-030-79926-7_14

Cited by 7 publications

(3 citation statements)

References 28 publications

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“…For women, AC has a multi-dimensional impact on their economic, social and political empowerment (Kumar et al, 2019;Rastogi and Ragabiruntha, 2018). Datta and Sahu (2021) have observed from eastern India that microcredit financial institutions have a positive influence on the livelihood status of rural women by generating employment and self-income opportunities. Likewise, Rodriguez (2022) proves that the government employment guarantee schemes in India have significant effects on the demand for credits and reducing the violence against women.…”

Section: Women Empowerment By Access To Credit (Ac)mentioning

confidence: 99%

“…In summary, AC provides holistic support for social, economic and psychological empowerment of women (Al-shami et al. , 2021; Datta and Sahu, 2021, 2022). However, Singh and Pattanaik (2019) have revealed AC among women is relatively low in volume and smaller in quantity compared to their male counterparts because the majority of women’s work is unpaid, informal and unprotected by nature.…”

Section: Review Literaturementioning

confidence: 99%

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Sustainable women empowerment at the bottom of the pyramid through credit access

Pal¹,

Gupta²

2022

EDI

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PurposeThe importance of gender in inclusive economic growth has been a growing area of research. Finance is seen as an efficacious instrument for social inclusion, and sustainable women empowerment (SWE). The lack of credit access often constrains women to scale up. The objective of this study is to examine the attributes influencing the decision of women to access the credit at the bottom of the pyramid (BoP) and the impact of this credit access on social, psychological and economic dimensions of SWE at the BoP in rural India.Design/methodology/approachThe threshold theory of decision-making in the form of logistic regression (LR) is applied here to analyze the influence of four determinants, namely individual household level (IHLA), social attributes (SA), economic attributes (EA) and ownership of documents (OD) on women’s credit access. Likewise, the same method is applied to study the relationship between credit access and three dimensions of SWE.FindingsThe results have revealed a statistically significant relationship between credit access and studied four attributes. Subsequently, a positive relationship has been observed between credit access and dimensions of SWE.Originality/valueThe present study broadly addresses the concern of accessing credit by women at BoP level, which helps the government and policymakers to promote enabling an environment for women entrepreneurship and comprehensive financial policies for the BoP.

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Section: Women Empowerment By Access To Credit (Ac)mentioning

confidence: 99%

Section: Review Literaturementioning

confidence: 99%

Sustainable women empowerment at the bottom of the pyramid through credit access

Pal¹,

Gupta²

2022

EDI

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“…Financial services like microcredit to low-income people can increase employment opportunities, help to manage limited resources effectively, and lower unemployment (Khandker, Samad & Khan, 1998;Javed et al, 2006;Awan & Ibrahim, 2015;Datta & Sahu, 2021). Numerous studies have confirmed that microcredit programs are beneficial in improving the well-being of the poor by raising income, production, and the economy, adding value, productivity, and business development (Al- Mamun & Mazumder, 2015;Thanh et al, 2019).…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Effects of Microfinance Services on Economic Status Improvement: A Case of SKBBL, Pokhara, Nepal

Dhungana

2022

QJMSS

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Background: Microfinance is an effective tool for financial inclusion and poverty reduction in developing countries like Nepal. It delivers financial and non-financial services to unbanked people from formal financial services. Microfinance services support people from weaker sections of society with a view of socio-economic transformation. Low access to finance is a problem for poor and marginalized people. Microfinance institutions provide microcredit to unbanked people without physical collateral. Thus they help people from lower-income groups improve their livelihood through productive investment. Objectives: This paper aims to examine the effects of microfinance services on the economic status of clients' status with references to Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL), Pokhara, Nepal. Methods: The research presents the findings of data collected through a survey research design in the Kaski district of Nepal. The researchers administered the survey questionnaire to 235 clients of SKBBL microfinance institutions involved in the programme for the last five or more years. We used a stratified random sampling technique to collect the data. The sample population comprised 70 from a scheduled caste (Dalit), 75 from ethnic groups, and 90 from upper castes. Both descriptive and inferential statistics have been used to analyze the data. The paired sample t-test has been used to examine the effects of microfinance intervention on occupational status, income level, consumption expenditure, capital expenditure, and monthly savings of the clients. Results: The results show that microfinance has contributed a significant role. It has enabled people from lower income groups to access microcredit and encourage productive investment that facilitates productive investment and economic transformation. -The result derived from paired sample t-test finds the positive effects of microfinance intervention on occupational status, income level, consumption, capital expenditure, and saving habits. Conclusion: This study concludes that role of microcredit is significant in enhancing the clients' economic status. Microfinance positively affects clients' earnings, savings, spending, asset accumulation, and occupational status. However, utilizing microcredit in productive sectors is necessary to empower the clients' economic status. The findings indicate that microfinance institutions must focus on effective microcredit applications to help create micro-businesses and improve the clients' livelihood status.

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Financial Inclusion, Microfinance Institutions and Women Empowerment

Datta,

Sahu

2023

Financial Inclusion and Livelihood Transformation

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How Microcredit Supports the Employability in the New Normal Era? A Study on Rural Backdrop of India

Cited by 7 publications

References 28 publications

Sustainable women empowerment at the bottom of the pyramid through credit access

Sustainable women empowerment at the bottom of the pyramid through credit access

Effects of Microfinance Services on Economic Status Improvement: A Case of SKBBL, Pokhara, Nepal

Financial Inclusion, Microfinance Institutions and Women Empowerment

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