Selvaraj N, Suganya M and Alagukanna AS
Finance is the lubricant, which oils the wheels of development. All economics rely upon the intermediary function to transfer resources from savers to investors. In market economies, this function is performed by commercial banks, financial institutions and capital markets. The poor would borrow relatively small amounts, and the processing and supervision of lending to them would consume administrative costs disproportionate to the amount of lending. Today, economic independence is considered to be the prime basis for improving the status of women in India. It is generally agreed that availability of credit to women would result in reducing their dependency, enhancing their social and economic activities, as well as empowering them to assert more in the household decisions. In India, women cannot be viewed as a homogeneous group, as the society is stratified on the basis of class, caste and religion. It has been observed that the position of women and their demand for bank credit remain tied to class, caste and religious affiliations. In order to grasp the nature of these casual relationships, it is imperative to understand the socio-economic condition of women beneficiaries in the study area. This work attempts to analyses the major socio-economic variables and family profiles of the women beneficiaries. Micro finance should be used to meet the immediate demand of the poor women for Health, Education or consumption purposes. This will improve the quality of their life and will be ready to take active participation in economic activities.
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