Abstract
This paper aims to identify the economic development of rural area people through the self-help group bank linkage programme and financial inclusion plan. Developing country like India, aggressively working towards the economic enhancement of the poor people in India. The financial inclusion policy is one of the boon for the rural people to access various financial services like savings and borrowings. Due to the easy accessibility of these financial services, they could able to generate income through various self-employment activities. The major objective of this study is to identify the role of self-help groups in generating employment and economic empowerment in India and analyse the impact of financial inclusion programmes through self-help groups and bank linkage programmes. This paper follows the descriptive method of research study to analyse the data and interpret it. Data has been collected from various secondary-level open sources published from the Reserve Bank of India, and Government data. The collected data has been tabulated and graphically represented to establish their significance related to the study and inferred as well. The regions like Andaman & Nicobar, Bihar, Kerala, Manipur, Pondicherry, Tamil Nadu and Uttarakhand has significantly contributed to the formation of self-help group. The regions like Andaman & Nicobar, Bihar, Kerala, Manipur, Pondicherry, Tamil Nadu and Uttarakhand has significantly contributed to the formation of self-help group. The women-led self-help organisations (SHG), which disburse billions of rupees annually, are specifically mentioned in the economic report for 2022–2023, which was delivered by the Union's finance minister to Congress on January 31. India boasts 12 million SHGs, 88% of which are made up entirely of women. These teams often have 20 to 25 members, majority of whom are village dwellers (Arora and Singh in JAMA 3:66–88, 2018).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Dandona, L., Dandona, R., Kumar, G.A.: Nations within a nation: variations in epidemiological transition across the states of India, 1990–2016 in the global burden of disease study. Lancet. 390(10111), 2437–2460 (2017). https://doi.org/10.1016/S0140-6736(17)32804-0
Diganta Kumar Das, S., Boruah, S. D.: Microfinance through self-help groups (SHGs): a tool ForSocio-economic development of rural Assam (A case study of Lakhimpur and Dhemaji District). J. Bus. Manage. Soc. Sci. Res. 2(8) (2013)
Pitt, M.M., Khandker, S.R.: The impact of group-based credit programs on poor households in Bangladesh: does the gender of participant’s matter? J. Polit. Econ. 106(5), 958–996 (1998). https://doi.org/10.1086/250037
Imai, K.S., Arun, T., Annim, S.K.: Microfinance and household poverty reduction: new evidence from India. World Dev. 38(12), 1760–1774 (2010). https://doi.org/10.1016/j.worlddev.2010.04.006
Mukherjee, S., Mallik, S. S., Thakur, D.: Tracking financial inclusion in India: a study of SHG initiatives. Indian J. Hum. Develop. (2019)
Nguyen, V. C.: Is a governmental micro-credit program for the poor really pro-poor? evidence from Vietnam. Develop. Econ. 151–187 (2008)
Hendriks, S.: The role of financial inclusion in driving women’s economic empowerment. Dev. Pract. 29(8), 1029–1038 (2019). https://doi.org/10.1080/09614524.2019.1660308
Hassan, A.: Financial inclusion of the poor: from microcredit to Islamic microfinancial services. Humanomics 31(3), 354–371 (2015). https://doi.org/10.1108/H-07-2014-0051
Islam, M. N.: The microfinance guarantee for financial inclusion: evidence to support in India. Indian J. Commer. Manag. Stud. 3(I):129–132 (2012)
Abdul Samad, M.: Islamic microfinance: tool for economic stability and social change. Humanomics 30(3), 199–226 (2014). https://doi.org/10.1108/H-12-2013-0085
Klaus, D., Yanyan, L.: Economic and social impacts of self-help group in India. Policy Research Working Papers (2013)
Reddy, A.A., Malik, D.P.: A review of SHG-bank linkage programme in India. Indian J. Industr. Econ. Develop. 7(2), 1–10 (2011)
Smith, J.A., Todd, P.E.: Does matching overcome LaLonde’s critique of nonexperimental estimators? Jurnal Economia 125(1–2), 305–353 (2005)
Yaron, G., Gordon, R., Best, J., Choudhary, S.: Microfinance for the marginalized: the impact of the Rojiroti approach in India. Enterprise Develop. Microfinan. 29(1), 80–93 (2018). https://doi.org/10.3362/1755-1986.17-00011
Shankar, S.: Financial inclusion in India: do microfinance institutions address access barriers? ACRN J. Entrepreneur. Perspect. 2(1), 60–74 (2013)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Saravanan, V., Baranitharan, D.K., Thenkovan, M., Sivasubramanian, K. (2024). An Analytical Study on the Self-Help Group Through Financial Inclusion Scheme in India. In: Khamis, R., Buallay, A. (eds) AI in Business: Opportunities and Limitations. Studies in Systems, Decision and Control, vol 515. Springer, Cham. https://doi.org/10.1007/978-3-031-48479-7_7
Download citation
DOI: https://doi.org/10.1007/978-3-031-48479-7_7
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-48478-0
Online ISBN: 978-3-031-48479-7
eBook Packages: EngineeringEngineering (R0)