Microfinance and Poverty Alleviation

The book deals with how microfinance successfully alleviates poverty and generate employment, empowering women. The root cause of poverty lies with lack of income generation and unemployment. Microfinance addresses the twin problem of women empowerment and poverty. In India, the microfinance flows into three channels: Joint liability groups (JLGs), Self-Help Groups (SHGs) and Mixed methods. The quite popular model is SHGs, which is formed by 12-20 member joined voluntary to save. The book purports the impact of SHGs on the income, employment, and women empowerment.