Abstract
Microfinance primarily targets poor people especially underprivileged women. People living in poverty need a diverse range of financial instruments to run their businesses, build assets, and stabilize consumption. Microfinance provides loans, savings, and other basic financial services to the poor including the self-employed. The study is conducted in the Eral block in the Thoothukudi district of Tamil Nadu. Microfinance programmes in Tamilnadu especially in Eral block have brought remarkable changes in the lives of the poor, especially women. Therefore, this research attempts to develop an effective microfinance to uplift self-employed people with small capital. The micro-credit has been playing a very outstanding role in uplifting poor people's life conditions and balancing regional development and self-employment. In the present situation, the microfinance beneficiaries have high potential due to different microfinance programs to achieve more things but they are not using their full potential for entrepreneurial development in the region. If they make much more effort by using their full potential they can achieve new heights in the future.
Keywords: microfinance, Entrepreneurs, Empowerment, and microcredit
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