THE IMPACT OF MICROFINANCE PROGRAMS ON ENTREPRENEURIAL DEVELOPMENT IN RURAL AREAS OF JAMMU AND KASHMIR.

The impact of microfinance Programs on the entrepreneurial development of small scale enterprises looking for growth and development in Jammu and Kashmir is investigated in this study. The main data collection instrument for the study was a questionnaire. The data was presented using tables and basic percentages. The research focuses on two broad variables: entrepreneurship development and microfinance Programs, which are the dependent and independent variables, respectively. Two hypotheses were developed and evaluated using a variety of statistical methods, including the chi-square test and analysis of variance. The study is able to present an overview of the status of microfinance programmes in the study area and is able to provide the remedial measures for the concerned authorities towards their focus. Statements like satisfaction with employment opportunities generated by MFI, becoming financially better because of MFI, doing good in the current business, fulfilling daily needs, reducing debts, the efficacy of MFS vis-a-vis your business, improvement in the living standards results found to be significant, that means microfinance programs do impact entrepreneurial development in J&K. The research concludes that microfinance institutions are recognized as one of the key players in the financial industry that have positively impacted individuals, businesses, other financial institutions, the government, and the economy at large through the services they provide and the functions they perform in the economy.