Abstract

Microfinance has risen significantly as a tool for assisting entrepreneurs from under-represented and disadvantaged groups in obtaining start-up capital. Credit, savings, insurance, remittances, and guarantees are all examples of financial services. The study's objective is to analyze the institutional credit facilities available to microcredit entrepreneurs in the Vellore district of Tamil Nadu. The primary data was gathered through the use of a standardized questionnaire. A suitable random sample of 220 microcredit entrepreneurs from the blocks was chosen. The Chi-square test, weighted average score, and percentages were employed to derive relevant conclusions from the study. Microcredit can have an economic impact by boosting an individual's income, lowering unemployment, elevating the standard of living, and promoting economic development. Furthermore, responders require guidance on using public, private, and natural resources and services. As a result, microcredit is insufficient in empowering the respondents in the research region, but it is one of the most significant elements in that process, together with non-credit factors.