Socio – Economic Conditions of Micro Credit Entrepreneurs in Vellore Town – An Assessment
The number of agricultural People is ignorant, impoverished, and trapped in a cycle of poverty and insufficiency. Despite the fact that microcredit encouraged entrepreneurship and revenue generation, many developing countries' patriarchal systems had no impact on individual household decisions or mobility. As per the Indian government, entrepreneurship is defined as engagement in the quality and employment of a business enterprise. In India, both public and private enterprise coexist. The importance and usefulness of microcredit entrepreneurs is now widely recognized, and they can be cultivated through well-designed programmes. A micro-credit entrepreneur is often associated with the production of pickles, masala powder, and other home items. Outside and inside the home, women make excellent personal managers. In Vellore District, micro-credit is proving to be a powerful tool for poverty eradication. Microcredit has emerged as one of the new development paradigms for reducing poverty through social and economic empowerment of the disadvantaged, with a particular focus on women. Prof. Muhammad Yunus explains how microcredit may assist women in reaching their full potential by stating that women have plans for themselves, their children, and their homes. Microcredit entrepreneurship had a moderate impact on household income and asset valuation, but it had a substantial impact on financial repercussions. A range of external and internal pressures have hampered empowerment in developing countries group or family members as well as individual characteristics. The research will be conducted in areas of Tamil Nadu's Vellore District that offer a wide range of income and employment opportunities. From the research area, 80 micro-credit entrepreneurs were chosen at random. The researcher met with each of the 80 respondents one-on-one to obtain the primary data needed for this study.