MICROFINANCE THROUGH SELF HELP GROUPS AND RURAL WOMEN EMPOWERMENT IN RANCHI DISTRICT (original) (raw)
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Role of Microfinance and SHG in the Development of Rural India and the Associated Women Empowerment
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Microfinance is a type of banking service that is provided to unemployed or lowincome individuals or groups who would otherwise have no other means of gaining financial services. Micro finance through Self Help Group (SHG) has been recognized internationally as the modern tool to combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty, empowering women and creating awareness which finally results in sustainable development of the nation. The main aim of microfinance is to empower women. The objectives of the study is i) to understand the performance of SHG's in West Garo Hills region, ii) to study the problems women members face in SHG's, iii) To offer suggestions for the betterment of women's empowerment in SHG. The study is undertaken in rural areas of West Garo Hills region. Both primary and secondary data's are used. Primary data is enumerated from a field survey in the study region. Secondary data is collected from NGOs' reports and other documents. Results showed that there is a gradual increase in all the three factors among rural women's. From the interaction among the respondents it is noticed that some members are expecting the NGO to come up with more training sessions in income generating activities. All they need is a way to develop their skills and talents by participating in various training programs. There is a definite improvement in psychological well being and social empowerment among rural women as a result of participating in micro finance through SHG program.
Microfinance as a Tool of Socio Economic Empowerment of Rural Women
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Microfinance and Empowerment of Rural Women in Dharmapuri District * Dr.V.CHINNASAMY ABSTRACT The study has revealed that landless and marginal farm households and socially backward households participate more in the SHG-led microfinance programme. Livestock and the material goods ownership by the member households have been found to be less prior to the group formation. Moreover, households having informal borrowings have been found to have higher priority to the group formation. Analysis on the determinants of women’s participation in the microfinance programme has revealed that the age of women and value of productive assets other than land have negative relationship with the participation of women, whereas social backwardness, indebtedness and presence of other micro credit programmes in the same or nearby villages have positive association with women’s participation in the microfinance programme. It has been suggested that higher number of self-help groups may be formed among the economically and socially disadvantaged households in order to relieve them from the clutches of moneylenders and at the same time to bring the poor under the fold of formal banking institutions. ___________________________________________________________________ *Former Research Scholar ,Department of Economics ,Periyar University ,Salem-11
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the rural women financially is also analyzed. "All formal" is the principle behind the concept of SHGs. The SHGs are mainly concentrated on the poor and are for the people, by the people, and of the people. Its focus is only on the weaker sections particularly women for their social defense. SHGs help in creating awareness on day-today affairs, promoting savings habit, developing self and community assets, increasing the income level, increasing social power etc. The SHGs generates confidence, self-security and self-reliance.
Microfinance in India presently is too small to create a great impact in poverty alleviation, but if provide new technologies with skills and opportunities for the development of the poor, it holds to change the socio economic face of the India's poor. The self-help group (SHG) model with bank lending to groups without collateral has become an established part of rural finance. SHG-based microfinance look after and supported by NGOs, have become an significant alternative to traditional lending in terms of reaching the poor without increase in operating and monitoring costs. The government and financial institution have accepted this and have highlighted the SHG model and take initiatives to work along with NGOs. Million of SHGs have been linked to banks over the years but still most of the states are not doing well to established the development process of the poor and also do not link up and nurtured the various schemes of the Govt. This paper throw light on women empowerment through Self Help Group and it also discuss the growth of SHG in India. The fact that almost half of our women are illiterate speaks of serious genderdiscrimination within the systemWomen's empowerment plays a very important role in the overalldevelopment of the country. It not only helps in the development of half of thehuman resources, but in improving the quality of life at home and outside.
ROLE OF MICRO FINANCE IN WOMEN'S EMPOWERMENT (An Empirical study in Pondicherry region rural SHG's
Microfinance is a type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Micro finance through Self Help Group (SHG) has been recognized internationally as the modern tool to combat poverty and for rural development. Micro finance and SHGs are effective in reducing poverty, empowering women and creating awareness which finally results in sustainable development of the nation. The main aim of microfinance is to empower women. In this paper the role played by Microfinance in women's empowerment are considered into three dimensions namely psychological, social and economical. The objectives of the study is i) to understand the performance of SHG's in Pondicherry region, ii) to analyze the freedom women members get in SHG's, iii) to study the problems women members face in SHG's, iv) to analyze the empowerment of the women psychologically, economically and socially and v) to offer suggestions for the betterment of women's empowerment in SHG's. The study is undertaken in rural areas of Pondicherry region. Both primary and secondary data's are used. Primary data is enumerated from a field survey in the study region. Secondary data is collected from NGOs' reports and other documents. The researcher has used percentage method, simple correlation coefficient, paired t test and cross tabulation for analysis purpose. Analysis showed that there is a gradual increase in the all the three factors among rural women's. From the interaction among the respondents it is noticed that some members are expecting the NGO to come up with more training sessions in income generating activities. All they need is a way to develop their skills and talents by participating in various training programs. There is a definite improvement in psychological well being and social empowerment among rural women as a result of participating in micro finance through SHG program.