Main Article Content

Abstract

Microfinance is an effective way for poor people to increase their economic security and thus reduce poverty. It enables poor people to manage their limited financial resources, reduce the impact of economic shocks and increase their assets and income. The purpose of this study was to investigate the influence of smallholder dairy farmers’ participation in microfinance on dairy breed improvement and their empowerment. The scope of this study was limited to dairy entrepreneurs who were using micro finance in Dumpkur District of Karnataka. A proportionate stratified random sampling method was used to select the 200 respondents and the primary data was collected using questionnaires. The analysis of the data was subjected to factor analysis using Principal Component analysis with Varimax Rotation method. The present study has highlighted the opinion of the respondents towards their empowerment in the usage of micro credit. Economic Empowerment & Development of Self-Confidence, Employment opportunities & Communication Development, Development of Banking Knowledge, Asset Creation and healthy family life and Increase in income level and savings are the major opinion of the Diary entrepreneurs towards their empowerment in the usage of micro credit.

Article Details

How to Cite
S.P.Shwetha, V.Rajeswari, & S. Porkodi. (2019). Diary entrepreneurs’ opinion regarding the usage of micro finance and their economic empowerment in Dumpkur District, Karnataka . International Journal of Intellectual Advancements and Research in Engineering Computations, 7(1), 629–634. Retrieved from https://ijiarec.com/ijiarec/article/view/977