Impact Of Microcredit Services On Socioeconomic Status Of Women Entrepreneurs

Women Entrepreneurship is one of the major domains which have come out in last few decades. In India, the success of women entrepreneurs found better than developed countries which also has incremental in nature. In last the 50 years several social innovations have been made including Cooperatives and Microcredit. Both these innovations have reflected positive impact on families, especially to the rural and sub-urban areas. As per several research in the field of social financing and rural financing the microcredit institutions have evolved as the major financial institutions in the rural side of developing economies. In India currently hundreds of Microfinance Institutions (MFIs) are effectively working with rural people, i.e. farmers, small vendors, women SHGs etc. This study was conducted in 4 districts of Uttar-Pradesh to assess the socioeconomic impact of Microcredit on women entrepreneurs those availed microcredit from any MFI. The data from 100 women entrepreneurs have taken for the analysis in the study. Key words: Women Entrepreneurs, Microcredit, Socioeconomic status