Published Paper Details:

Microfinance has emerged as a powerful tool for poverty alleviation and women's empowerment, particularly through Self-Help Groups (SHGs). This study examines the impact of microfinance on women's development in Coimbatore City, focusing on how SHGs contribute to economic independence, social empowerment, and improved quality of life. Using a mixed-method approach, the research analyzes primary data collected from women beneficiaries of SHG-linked microfinance programs, along with secondary data from reports and case studies. The findings reveal that microfinance enhances women's financial literacy, income-generating capabilities, and decision-making power within households. However, challenges such as limited access to higher loan amounts and socio-cultural barriers persist. The study concludes that while microfinance significantly promotes women's development, a more holistic approach--including skill training and awareness programs--can further amplify its positive effects.