ROLE OF MICROFINANCE FOR THE EMPOWERMENT OF FISHERWOMEN IN PALGHAR DISTRICT

In India, women play an important role in fish processing and marketing. This helps them to   generate income to support their families. This research will help us to understand the problems and ways of empowerment of the fisherwomen in Palghar district with the help to micro – credit schemes.  The methodology consists of five years of data on fish production, micro-credit, SHG growth, banking access,  repayment,  field visits, semi-structured interviews and observation at local markets.  Results show a steady rise in fish production and more women joining Self-Help Groups. Banks reach more women now, and repayment rates are very strong.  Inspite of this there is a mismatch between fish production & formal credit.  Field visits show that many women still rely on informal credit and use daily savings routines that aren’t regulated. That makes it tough for them to save up and stand on their own.  Increased microfinance outreach, digital payments, improved financial education, and credit solutions that adapt to the fluctuations of the fishing industry are all recommended by the study. These women's economic independence and resilience might be greatly increased by addressing these more significant financial obstacles and creating an inclusive financial system. Ultimately, the goal is to make coastal development more sustainable and to encourage women-led growth in the blue industry.