IMPACT OF MICROCREDIT ON ECONOMIC CONDITION OF MEMBERS OF WSHGS; A STUDY IN JAGATSINGHPUR DISTRICT

Sudhir Chandar Bhuyan

Abstract


Odisha is a mineral reach state in India but the economy of the state mainly dependents on agricultural. The western part of the state is reach with industrialization whereas the eastern part of the state is reached with highly futile lands. In eastern part, one of the costal district is Jagatsinghpur. In this district, majority of the population belongs to rural areas; therefore rural sector is the main source of economic development. Development of rural areas is essential for the enhancement of overall economy and for the betterment of rural communities. Another interesting fact about rural Odisha is the economic activity of a family is concentrate at the male members. The women are play the role of housewife to a great extends. The aim of the present study was to find the impact of microcredit on economic status of the WSHG members in rural areas of district Jagatsinghpur. The universe for the present study was all WSHG of the said district. The Sample of 442 respondents was selected from the targeted population using random sampling technique. A survey was conducted with the help of a close ended structured questionnaire. Both descriptive and inferential statistics were used to draw the results from the study. Through descriptive analysis, the study clearly demonstrated that microcredit has played a positive role in improving the economic status of members of WSHGs. In this regard the study observed that microcredit played the positive role in changing and improving the economic status of rural women.


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