Management of micro finance among self help group women in namakkal district in Tamilnadu

Abstract

Micro finance in the global context is commonly understood to include programmes meant for providing credit for self employment and other financial and business services to very poor persons Micro finance means the extension of small loans to very poor for self employment projects that generate income allowing them to care for themselves and their families In most cases micro finance programmes offer a combination of services and resources to their clients in addition to credit for self employment These often include savings facilities training networking and peer support Micro finance targets the rural and urban households with an emphasis on women borrowers provisions of finance for creation of assets and their maintenance and bringing in greater quality of services The rural poor women are incapacitated due to various reasons because most of them are socially backward illiterate with low motivation and poor economic base Individually a poor person is not only weak in socio economic terms but also lacks access to knowledge and information which are the most important components of today s development process