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A Search for Women's Space in Indian Micro Finance Spectrum

Economic progress in any country could only be achieved through social development which remains partial without women's contribution as we know that they are the key to all contemporary development concerns. Although significant improvement has been achieved throughout the world in recent decades in developing women's potential, their participation in economic and political decision making remains restricted. In India, like in many other developing countries, women still lack independent rights to own land, manage property and run business. It is also pertinent to mention here that the folk belonging to the Scheduled Castes constituting a considerable section of the population in our country suffer to a great extent due to social and economic inequality. But each and every individual must have the right and opportunity to face up different sort of oppressions by making over set roles within society and particularly women should have the opening to challenge the diverse forms of subordination and elevate the ability to control their own lives. The Microfinance sector has made grand pace toward identifying barriers to women's access to financial services and developing ways to overcome those barriers. The scholars, as well as the international development experts have paid a good deal of attention to microfinance as a stratagem capable of reaching women and involving them in the development process.1