| Priyanka Shukla Research Scholar Department of Business Administration Awadhesh Pratap Singh University Rewa | Dr. Deepa Saxena Department of Business Administration Awadhesh Pratap Singh University Rewa |
Abstract
Microfinance has become an essential tool for empowering women by promoting their psychological and social development, in addition to their financial independence. The development of self-confidence is a critical factor in enabling women to make informed decisions, partake actively in community development, and engage in entrepreneurial activities, among other diverse impacts. This investigation investigates the impact of microfinance on the self-assurance of women in various demographic categories, such as marital status, community, and family type. The study employs descriptive statistics, ANOVA, and t-tests to evaluate the differences in perceptions, utilising data from 400 respondents. The results indicate that a substantial majority of women (83.6%) believe that their self-assurance has been bolstered as a result of their involvement in microfinance programs. The statistical results suggest that microfinance has a universally positive impact on the self-assurance and personal development of women, as there are no significant distinctions across marital, community, or family categories. In general, the research emphasises the significance of microfinance as an instrument for economic and social empowerment that fosters confidence, independence, and leadership in women.