Download or read book A study on the role of micro finance institutions in economic empowerment with special reference to Changanacherry Taluk, Kerala written by Jose Joseph and published by Amazon Publishers, USA. This book was released on 2020-12-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: India is a home to the largest population of poor in the world and out of its total population there are nearly 75 million poor house-holds in India, thus it has become the prime obligation of the regulators to provide some definite solution for poverty alleviation. Microfinance has several other developmental objectives like mobilization of savings. It has also been used as inducers in different community development activities as an entry point in the community organizing program and as an ingredient in a larger education or training exercise. For this study, population consist of clients of micro financing institutions in Changanacherry Taluk. In this study for the purpose of primary data collection, samples were selected by using random sampling technique. Sample size for the study conducted is 100 respondents of micro financing institutions. The study consists of both primary and secondary data. Primary data were collected through questionnaire. The role of Micro Financing Institutions in economic empowerment with special reference to Changanacherry taluk was examined. Key challenges facing MFIs today that are affecting their impact on poverty alleviation were seem to be an over-emphasis on financial sustainability over social objectives, and a failure of many MFIs to work with the poorest in society. Overall, Micro financing institutions has provided important contributions to the development world. It was found that savings are vital and perhaps more important to people, that they are probably better served by direct subsidies rather than loans. Although micro financing institutions offer financial assistance to the society and prove itself a useful tool in economic empowerment.