Title: Poverty alleviation through the microfinance intervention: an empirical evidence from northern parts of India

Authors: Aadil Rashid; P. Ashok Kumar

Addresses: PG and Research Department of Commerce, AVS College of Arts and Science, Salem, Tamil Nadu, 636106, India ' PG and Research Department of Commerce, Sri Vasavi College, Erode, Tamil Nadu, 638316, India

Abstract: Microfinance has drawn major attention after being successful in providing financial services to poor underprivileged people globally. Microfinance is an institute that provides financial services as well as business development training to its beneficiaries. This paper is an attempt to investigate the nature of the relationship between the amount of loan size provided by microfinance institutes and its effect on the standard of living, health and education of its beneficiaries. An ex-post-facto design was implemented to analyse whether the size of loan amount predicts the above three dimensions of poverty. Analysis of variance has been done to analyse the significance of the number of years joined the microfinance program. The findings revealed a positive impact on the above three dimensions of poverty. We believe our grassroot research can benefit different government policies of poverty alleviation, non-government organisations and pro-poor microfinance organisations.

Keywords: entrepreneurship; education; health; microfinance; poverty; living standard; financial inclusion; SHG; microcredit; India.

DOI: 10.1504/IJICBM.2023.132734

International Journal of Indian Culture and Business Management, 2023 Vol.29 No.4, pp.417 - 435

Received: 07 Feb 2022
Accepted: 26 Mar 2022
Published online: 09 Aug 2023 *

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