Socio-Economic Empowerment of Women Fisher Folk Through Microfinance: A Swot Analysis in Ramanathapuram District

Abstract

Women fisher folk play a significant role in fisheries-related activities and contribute considerably to the socio-economic development of coastal households. In Ramanathapuram District, microfinance through Self-Help Groups (SHGs) has become an important instrument for promoting economic independence and social empowerment among women fisher folk. The present study examines the socio-economic empowerment of women fisher folk through microfinance by applying SWOT analysis to identify the strengths, weaknesses, opportunities, and threats associated with their participation in microfinance activities. The study is based on both primary and secondary data. Primary data were collected from 160 women fisher folk using a structured interview schedule, while secondary data were obtained from books, journals, reports, and government publications. The study employed percentage analysis and SWOT analysis as the major analytical tools. The findings reveal that women fisher folk possess strengths such as achievement motivation, organisational capacity, entrepreneurial ability, and technical knowledge related to fisheries activities. Opportunities such as financial assistance, market expansion, skill development programmes, and self-employment initiatives contribute positively to their socio-economic empowerment. At the same time, weaknesses including low financial literacy, limited educational background, and dependence on traditional practices hinder their growth. Threats such as market fluctuations, inadequate infrastructure facilities, and environmental uncertainties also affect their livelihood security. The study concludes that microfinance has played a crucial role in improving the socio-economic conditions and empowerment of women fisher folk. However, effective institutional support, training programmes, and policy interventions are essential to ensure sustainable development and long-term economic stability among women fisher folk in the study area.