International Journal of Marketing & Financial Management
Print ISSN : 2349 –2546
Online ISSN : 2348 –3954
Frequency : Monthly
Current Issue : Volume 2 , Issue 6
2014
*Dr. K. RAVICHANDRAN, **Mr. VENKATA SUBRAHMANYAM C. V.
*Professor & Head, Department of Entrepreneurship Studies, Madurai Kamaraj University, Madurai , India, **Research Scholar Department of Entrepreneurship Studies, Madurai Kamaraj University, Madurai, India
Published Online : 2014-07-30
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Abstract:
Entrepreneurship as a distinct factor of production contributes to the economic development of an economy. The wide range of significant contributions that entrepreneurship makes to the economic development include promotion of capital formation, creation of immediate large-scale employment, promotion of balanced regional development, effective mobilization of capital and skill, induction of backward and forward linkages and the like. The overall role of entrepreneurship in economic development of an economy is put as "an economy is the effect for which entrepreneurship is the cause." India being one of the largest countries though bestowed with adequate natural resources and human potentials, its development is lopsided. The twin causes, that is, wide inequality between urban and rural.
Micro finance has experiences a dynamic development and today microfinance providers reach close to 100million clients worldwide and are growing fast. This paper will to make an attempt as to present a conceptual paper towards the role of women in India towards empowering the entrepreneurship development through microfinance.
Key words: micro finance, empowerment, entrepreneurship, development ROI etc.,
