Journal of Informatics Education and Research ISSN: 1526-4726 Vol 4 Issue 2 (2024) http://jier.org 1451 Microfinance and Women's Economic Empowerment: Assessing the Role of Financial Inclusion Dr. A. Nagabhushan 1 1 Assistant Professor, Department of Management Studies, Vignan's Foundation for Science, Technology & Research University, Guntur, Andhra Pradesh, India nagabhushan_18@yahoo.co.in Dr. Ch. Sudipta Kishore Nanda 2 2 Assistant Professor – II, Department of Commerce, School of Tribal Resource Management, KISS Deemed to be University , Higher Education Campus, Campus - 3, Bhubaneswar, Odisha, Pin - 24 sudipta.nanda@kiss.ac.in Dr. Shreya Suppannavar 3 3 Assistant Professor, Amity Business School, Amity University, Bengaluru. shreo.shreyu@gmail.com 0000-0002-9288-6755 Durga Prasad Singh Samanta 4 4 Assistant Professor, Amity Business School, Amity University, Bengaluru. go_india@yahoo.com 0000-0001-6306-7569 Mrs. Chaithra. N 5 5 Research Scholar and Assistant Professor, MBA Department, Amruta Institute of Engineering and Management Sciences, Bidadi, near Toyota Kirloskar Motors, Industrial Town, Kenchanakuppe, Karnataka - 562109 chaithraraju21@gmail.com Dr Somanchi Hari Krishna 6 6 Associate Professor, Department of Business Management, Vignana Bharathi Institute of Technology Aushapur Village Ghatkesar Mandal Malkajgiri Medchal Dist-501301 harikrishnasomanchi@gmail.com Abstract- Empowerment of women is a major issue in most developing countries of the world including India. Despite of many efforts undertaken to reduce poverty and inculcate development target has not been achieved yet and one thing where we are lacking is giving empowerment to women. Micro finance institutions have mushroomed and have become a vital tool both in poverty eradication and women empowerment. This study is based on relationship between micro finance institution and women empowerment in India. Qualitative method that involves primary data collection with the help of in-depth interview with women have been used to infer valuable results. Keywords- Women empowerment, poverty, microfinance, non-supportive family, business women I Introduction Microfinance is a new concept different from what is called charity and its aim is to support initiative of poor people to fulfill their dreams and help them stand on their own feet making them independent and respected in the society (1, 2). It can be a very long process when living standards of people can actually be said to come at par with rest of the society [3]. Microfinance in case of women becomes all the more important because it enables stability in the economy of a country and also is a means of women empowerment [4-6]. India is a developing country and much bias is still here. A country full of patriarchal norms and the female gender has always been regarded and considered as submissive giving little or no importance to their skills/ ability/ talent and even