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-income<br>individuals or groups who would otherwise have no other means of gaining financial services. Micro<br>finance through Self Help Group (SHG) has been recognized internationally as the modern tool to<br>combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty,<br>empowering women and creating awareness which finally results in sustainable development of the<br>nation. The main aim of microfinance is to empower women.