A Study on Role of Micro Finance Institutions in Financial Autonomy of Women with reference to We-Care Charitable Trust, Bengaluru
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Abstract
A microfinance institution is an entity that offers financial services to the less fortunate members of society in the form of loans, deposits, insurance, etc. Bank capital is accessed by these entities, which then lend money to those in need. The improvement and development of the poor and vulnerable is greatly aided by microfinance. Through their support, it places a focus on uplifting the less powerful groups. These organisations operate under the tenet of self-help, and their mission statement is to empower their members by fostering self-reliance, autonomy , and confidence. These institutions operate in such a straight forward manner that everybody may comprehend and follow their instructions. These institutions aim to give women access to the resources they will offer at a fair price with zeal, drive, and financial aid. W e-Care Charitable T rust, a microfinance institution, is fortunately working to safeguard the interests of women in society , as well as their dignity , self-sufficiency , and confidence. In this article, an effort is made to describe the function of such institutions in advancing the authorisation of women, using the success stories of members of this institution as inspiration.
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