Gender Disparity in availing Term Loan Scheme of Government of India
- Author Dr Abha Rani Singh
- Co-Author Dr Tuba Tanveer, Nixon Mathur
- DOI https://ww
- Country : India
- Subject :
Keywords : Term Loan Beneficiaries, Gender Disparity, Women Empowerment, India
Abstract
National Minorities Development & Finance Corporation (NMDFC) is a not-for-profit company setup under Section 25 of the Companies Act 1956 (now Section-8 of Companies Act, 2013). NMDFC has designed a Minority Loan Accounting Software (MILAN) for maintenance and management of database of scheme beneficiaries. This data encompasses the gender distribution of individuals availing term loans, as well as their regional status in rural and urban areas. It also provides insights into the distribution of beneficiaries in rural and urban regions and various minority communities. The objective of this study is to identify gender disparities in accessing NMDFC's Term Loan scheme across various regions of India, in rural and urban setting and among different minority communities of India. The study has used secondary data extracted from NMDFC’s MILAN database spanning from 2014-15 to 2023-24, of 1,75,901 beneficiaries throughout India from 34 states and UTs. SPSS (Version 22) was used to critically analyze the data obtained from the MILAN database. The data reflects noteworthy gender disparity across the country. To enhance the female participation NMDFC may run financial literacy programs, easy accessibility of loans to women, awareness campaigns; promote collaboration with government agencies, NGOs, women's organizations, and other stakeholders to create a supportive ecosystem that fosters women's economic empowerment through access to credit and other financial services.
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