ROLE OF MICROFINANCE II{ EMPOWERING SMALL-SCALE ORGANIZATIONS IN ANURADHAKJRA DISTRICT

Abstract

Nowadays, microfinance plays a strategic role than in tH" past. Microfinance consider as a tool that could be used to influence directly or indirectly develop the small-scale businesses and entrepreneurs. By adopting individual lending to the underprivileged and focusing on micro firms, it encourages financial inclusion. Financial inclusion seryes as a mediating factor and significantly contributes to small-scale entrepreneurs' empowennent. In this research study, there are four independent variables such as financial role, capitalist role, repayment role, enterprise development role. There is a mediating variable as financial inclusion and the dependent variable is economic empowerment of small-scale organizations. The purpose of this study is to conduct research on the use of microfinance and entrepreheurship together to reduce poverfy, empower the underprivileged, and promote sustainable development. The objectives of this study is to identi$ level, impact, relationship and mediating effect among various perceived roles of microfinance, financial inclusion and econornic empowennent of small-scale organizations. In this research study, primary data had been practiced. A structured questionnaire was used as the method of data collection. Sample of the study is 298 small-scale business owners using microfinance services and stratified random sampling method used to make the sampling framework of the study. The quantitative research approach used for this study. The data were analyzed using descriptive statistics, univariate, correlation, and regression analysis. The findings indicate that there are good reliability and mean value of study variables are high level and also the results showed that there is a strong positive relationship between every variables. According to the derived results, various perceived roles of microfinance and financial inclusion significantly impact on economic empowerment of small-scale businesses. Further more, financial inclusion plays a parietal mediating role in the connection in between independent variables and dependent variable.