Impact of Microfinance Programme on Employment Status of the Participants

  • Ruchi Joshi
  • Dr. C.S. Joshi
Keywords: Microfinance, Employment, Self Help Group, Uttarakhand


Microfinance has emerged as a ray of hope among the various measure to wipe out poverty. In India, failure of formal finance to the poor has led to the growth of microfinance. Numerous traditional and informal system of credit was already in existence before microfinance came into vogue. NABARD a regulatory body defined microfinance as “the provision of thrift, saving, credit and financial services and products of very small amount to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve their standard of living”(Sen,2008). The paper also provide the progress of microfinance programme in Uttarakhand on the basis of secondary data. The present paper examines the impact of microfinance programme on employment status of the respondents in the State of Uttarakhand on the basis of primary data collected from the field. As the programme has increased the engagement of SHG group members i.e.; participants of the programme economic activities which result in the increase level of employment. Microfinance play an important role in the development of the state as the programme increased the employment status which result beneficiaries to come out of poverty and the standard of living also raised by accessing the basic requirements.


Download data is not yet available.


Panda K. D. (2009). Participation in the group based Microfinance and its impact on rural households: A Quasi experimental evidence from an indian state. Global Journal of Finance and Management, 1(2), 171-183.

Sen, M. (2008). Assessing social performance of microfinance institutions in india. The Icfai Journal of Applied Finance, 14(86), 77-80.

Banerjee, Abhijit, & Abhijit Duflo. (2007). The economic lives of the poor. Journal of Economic Perspectives, 21(1), 141–167.

Hasan, M. E. (2003). Implication of financial innovations for poorest of the poor in the rural area: experience from northern bangladesh. Journal of Microfinance, 5, 56–78.

Wright, Graham A.N. (2000). Microfinance systems: Designing quality financial services for the poor. London and New York: Zed Books Ltd., and Dhaka: The University Press Limited.

R. Radhakrishna & Shovan Ray. (2005). Handbook of poverty in India: Perspectives, policies and programmes. New Delhi: Oxford University Press.

How to Cite
Ruchi Joshi, & Dr. C.S. Joshi. (2018). Impact of Microfinance Programme on Employment Status of the Participants. International Journal of Engineering and Management Research, 8(2), 188-192. Retrieved from