Abstract:

This research paper explores the role of microfinance and self-help groups (SHGs) in empowering rural women workers in the informal economy. The informal economy, which encompasses unregistered, unregulated, and often precarious employment, is a significant source of livelihood for rural women, particularly in developing countries. Microfinance and SHGs have emerged as critical tools for promoting financial inclusion, social empowerment, and sustainable development. This paper examines how these mechanisms contribute to improving women's access to resources, decision-making power, and overall socio-economic well-being. Through a combination of theoretical insights and empirical evidence, the paper highlights the challenges, opportunities, and impact of microfinance and SHGs in transforming the lives of rural women in the informal economy.

Description:

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