ROLE OF MICRO FINANCE IN WOMEN'S EMPOWERMENT: A STUDY IN ERODE DISTRICT

Microfinance is a type of banking service that is provided to unemployed or low-incomeindividuals or groups who would otherwise have no other means of gaining financial services. Microfinance through Self Help Group (SHG) has been recognized internationally as the modern tool tocombat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty,empowering women and creating awareness which finally results in sustainable development of thenation. The main aim of microfinance is to empower women.