JJEM: Special Edition 3 (January 2025)
JJEM: Special Edition 3 (January 2025)
2025-01-20
The Role of Self-Help Groups (SHG's) in Poverty Alleviation of Women Entrepreneurs and Farmers in India
Arunkumar M. S.
India is not an exception to the global trend of over a billion people living in poverty. There is a significant economic divide in this nation with diverse regions and growing economies - the rich and the poor. In India, more than 19 crore individuals lack access to banking. People have the capacity to develop and contribute to the developing economy; what they lack, however, is a network of support, a helping hand, and the drive to do so. Microfinance has arisen with the intention of giving these people access and opportunity. The use of microfinance as a potent tool to reduce poverty in the new economy is expanding. Most microfinance initiatives have established the specific objective of reducing poverty and empowering women. Furthermore, more and more microfinance institutions (MFIs) favor female members because they think they are more trustworthy and responsible. Through bank-affiliated savings and credit clubs called self-help groups (SHGs), India has been able to create its own kind of microfinance organizations. SHGs and their links to banks dominate the Indian microfinance landscape. Women farmers are less impoverished thanks to SHGs. This study aims to investigate the efficaciousness of self-help groups as a means of alleviating poverty among women farmers.
Women Entrepreneurs, Women farmers, Micro Finance, Self-help groups, Poverty Alleviation.