Impact of Self Help Group Scheme of Microfinance in Kaithal (original) (raw)
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Impact of Self Help Group Scheme of Microfinance in Kaithal District of Haryana
2014
Financing under Self Helf Groups (SHGs) scheme is based on the concept of Microfinance which is a term for the practice of providing financial services such as microcredit, micro savings and micro insurance to the rural poor. As this program is going on for the last many years, the present study has been carried out keeping in view the objectives that what is the impact of Microfinance on living standards, empowerment of women and poverty alleviation in the Kaithal district of Haryana. . It has been found that there has been considerable increase in the income, savings and economic assets of the beneficiaries after joining the scheme. The increase in income and savings has raised the standard of living of the members. It has also resulted in increasing their confidence and has helped in social justice and empowerment of women.Microfinance can be a success story if we adopt healthy practices adopted by Gramin bank of Bangladesh such as five members in SHGs. It is sad to observe that ...
Impact of Self Help Scheme of Microfinance in Kaithal District of Haryana
Financing under Self Helf Groups (SHGs) scheme is based on the concept of Microfinance which is a term for the practice of providing financial services such as microcredit, micro savings and micro insurance to the rural poor. As this program is going on for the last many years, the present study has been carried out keeping in view the objectives that what is the impact of Microfinance on living standards, empowerment of women and poverty alleviation in the Kaithal district of Haryana. . It has been found that there has been considerable increase in the income, savings and economic assets of the beneficiaries after joining the scheme. The increase in income and savings has raised the standard of living of the members. It has also resulted in increasing their confidence and has helped in social justice and empowerment of women.Microfinance can be a success story if we adopt healthy practices adopted by Gramin bank of Bangladesh such as five members in SHGs. It is sad to observe that our approach in micro financing is 'target oriented' in terms of expenditure allocations which is required to be made 'result oriented'. There is a scope of monitoring and evaluation by academicians rather than professionals and officials to make it unbiased. To ensure inclusive growth which means including the excluded segments, caring the less cared and using the less used manpower, we need to control corruption, population and inflation. There is a strong case for monitoring and evaluation with good governance (SMART administration), manpower planning and inflation targeting for achieving the better results in making microfinance under SHGs a success story in India.
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.
Shodak, 2023
With women accounting for nearly 48.5% of India's population (2), they must receive the attention they deserve. Self-help groups (SHGs) are one method for achieving women's empowerment. This study investigates the influence of SHGs on women's empowerment, with an emphasis on defining SHG functions and analysing the level of progress experienced by its members in terms of financial, and social empowerment. The study was based on primary data acquired through questionnaires, field surveys, and secondary data given by relevant departments. It is worth emphasizing that the study is limited to the Haldwani City of Nainital district and a total of 50 SHG women members amongst 4 highly active SHGs in the locality were interviewed for the study. According to the study's findings, the majority of participants report notable improvements in their engagement in social, financial activities, economic activities as a result of their involvement with SHGs. Self-help groups have played an important role in a variety of ways including changing agricultural techniques, starting up various small-scale businesses, replacing moneylenders with taking higher rates of interest, and raising knowledge about nutrition, well-being, health, and cleanliness.
Role of Microfinance and SHG in the Development of Rural India and the Associated Women Empowerment
IBMRD's Journal of Management & Research, 2016
Micro finance and micro credits are sometimes used interchangeably. However the term micro credit refers to the provision of the small amount of loan whereas the term microfinance has a broader meaning encompassing other financial services in its umbrella such as savings, insurance, etc. along with the provision of credit facilities. Rural India faces a serious problem of poverty. In order to reduce poverty in the rural India, an active participation of the government and non-government organization is required simultaneously on the two fronts, i.e., production and distribution of goods and services. Poverty is generally concentrated in that region where there is a huge problem of literacy and employment. In order to reduce this problem, the fifth five year plan has put an emphasis on employment generation in the rural and urban areas. Hence in order to achieve the goal of employment generation and poverty reduction in the rural area, micro finance has been introduced which provides credit, savings, insurance and other basic financial services within the reach of the common man. Recently, micro credit revolution in the form of self-help group (SHG) movement is gaining momentum among the people in the rural India. This research paper tries to determine various benefits that a rural India has obtained through the formulation of SHG and the impact of Microfinance on the savings, income and the financial positions of the members of the SHG. Paper also focuses on the empowerment of women and the resultant rural development as a result of the benefits from microfinance through SHG.
Impact Analysis of Micro finance on Women Self Help Groups Members in Aizawl District, Mizoram
Microfinance intervention through Self Help Groups (SHGs) has been seen as an effective instrument for women empowerment and poverty alleviation.According to Mizoram Economic Survey,2014-15,female working population constitutes about 40.25% of total workers. As per the census 2011, 55.76% of the total workers were engaged in agricultural activities. Women in Mizoram are resourceful and hardworking; they have proved to be very enterprising. Access to microfinance is believed to greatly benefit the poor women participants in enhancing their capacity. ―Before Intervention‖ vs. ―After Intervention‖ Approach was employed to analyse the impact of microfinance on the women SHG members. Only the economic impact of microfinance is considered for this study. The level of impact is analysed at the individual and household level. A multistage sample design was adopted for selecting the sample SHGs and the primary data was collected through structured interview schedule. The study isconducted among women SHGs functioning in five Rural Development Blocks in Aizawl District.The study reveals microfinance through SHGs has a positive impact on the economic status of the women SHG members in Aizawl district.
Microfinance and Empowerment of Rural Women in Dharmapuri District
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
MICROFINANCE THROUGH SELF HELP GROUPS AND RURAL WOMEN EMPOWERMENT IN RANCHI DISTRICT
IJRAR, 2019
The voluntary association of 10-20 persons in SHGs with a common interest has proved to be an effective instrument for procuring microfinance by the rural women of Ranchi district leading women empowerment in the district. Muhammad Yunus, the founder of Grameen Bank of Bangladesh believed that making small loans available to a larger population could stimulate businesses and reduce rural poverty. Grameen Bank is successfully working with a repayment rate of 99.6% of which 97% of borrowers are women. Savings of the rural women are not bankable due to lack of collateral securities, guarantor, steady employment and uncertain agricultural production. SHGs have proved to be an effective mechanism for providing microfinance to impoverished people specially the rural women. SHG Bank Linkage Programme carried out by National Bank for Agriculture and Rural Development (NABARD) is the most important initiative by the Government of India in Microfinance to alleviate rural poverty. It combines the advantages of both formal and informal financial institutions and has proved to be an emerging source of microfinance resulting in the socioeconomic development of women. SHGs helping rural women to get microfinance for different purposes have become more resourceful with SHG Bank Linkages and helping the rural women to become entrepreneurs. Being entrepreneurs, they are earning a livelihood for themselves and their families. They are even providing employment to a large group of women and men in the villages and helping the Government in eradicating poverty, unemployment, insecurity etc. Women are becoming self-dependent and powerful decisions are being taken by themselves bringing socio economic changes in Ranchi District of Jharkhand. The present study is placed in the context to examine the different SHG's working in the Ranchi District of Jharkhand state and their work in the area of providing microfinance. The paper seeks to explore the various programmes run by the SHGs for women empowerment in the district. The paper put emphasis on the relationship between the availability of Microfinance and Rural women empowerment of Ranchi District. This paper highlights how rural women empowerment can be achieved through Self Help Groups by providing them microfinance.
Socio-Economic Impact of Microfinance on Rural Women Development of Bellary District
2019
As Mahatma Gandhi said; “India lives in their villages”. The development of villages is a precondition for balanced economic development. Microfinance is a tool for reducing poverty depending on local circumstances. Poverty is often the result of low economic growth, high population growth and extremely unequal distribution of resources and reducing poverty requires creating self-employment. This paper makes an effort to access the socio -economic impact of self help group on rural women development in the area of villages of Bellary district .The study has been undertaken by collecting the primary data in purpose convenience sampling method from 60 members of 10 SHGs of Bellary district. Here, the researchers have used social and economic impact indicator index and the major findings of the study is that Social impact of self help group on rural women on comparing with Economic impact such as income, savings, expenditure, loans and type of house is very high because most of the wom...
International Journal of Advances in Engineering and Management (IJAEM), 2022
In many developing nations, particularly India, the SHG program is gaining recognition as an innovation in the field of rural lending to assist the rural poor in alleviating poverty and empowering women. It is seen as a route for reaching the underprivileged and neglected segments of society, who would not normally be able to obtain loans from banks. The primary purpose of SHG beneficiaries is to remove poverty from their roots, and it assists them in combating poverty since there is a need for adequate money to be available for rural people. Women's empowerment in India is still a work in progress. Currently, self-help groups are playing a significant role in this direction. Women's participation in these groups has a significant impact on increasing their quality of life as well as their social upliftment in society. The current study is descriptive in nature and critically evaluates numerous empirical studies conducted in the Uttarakhand state of India on SHGs and microfinance. According to the findings of this study, studies conducted in Uttarakhand show that microfinance and self-help groups, in general, contributed to the development of the core poor in terms of economic well-being, poverty alleviation, and empowerment, resulting in the overall development of the rural poor.