The Impact of Microfinance on Employees of Dairy Sector: A Study in Kottayam District, Kerala

Poverty in India is widespread with the nation estimated to have one third of world's poor. Microfinance has been proposed as a possible solution for the maximum outreach and alleviation of poverty in the rural poor especially the disadvantageous sections of the society. Micro Finance is a provision of Finance and other financial services and loans of very small amount to the weaker and backward section of the society at a cost which they can afford. Micro Finance is an important factor which can lead to the rise in the standard of living of poor families if it is utilized in an effective manner. In India micro finance facility is mainly disbursed through self-help groups. This paper attempts to examine the economic impact of microfinance on employees of dairy sector by analysing the primary data obtained through an interview with 125 members of Kottayam district of Kerala, India as well as secondary data.