INCLUSIVE FINANCE AS AN INSTRUMENT OF WOMEN EMPOWERMENT – A STUDY
Creators
- 1. Research Scholar, Department of Studies and Research in Economics, Tumkur University, Tumakuru & Assistant Professor of Economics, Government First Grade College, Koratagere
- 2. Research Guide and Assistant Professor, Department of Studies and Research in Economics, Tumkur University, Tumakuru
Description
Financial Inclusion is a very important initiative for the sustainable growth of a country and it is a powerful tool to achieve inclusive growth.Inclusive growth is much needed to include common people into the orbit of development. Social and economic justice can be provided only with the help of inclusion of finance to various sections of people. Lot of measures was undertaken by the Government of India and Reserve bank of India together to mitigate the problem of financial exclusion. In this direction emergence of Self Help Groups (SHGs) Programme help extensively to strengthen the poor especially for women. SHGs play a vital role to improve the socio-economic condition of women by developing thrift habit and providing micro finance in times of need and also encouraging micro entrepreneurs. This study highlighted the role of SHGs in financial inclusion to empower the women in rural areas.The purpose of study is to know the role of financial inclusion through self help group and for this the data will be collected from NGOs, NABARD, and Banks by using secondary data. Self Help Groups are considered as one of the most significant tools in participatory approach for the economic empowerment of women. It is an important institution for improving life of women on various social components. The basic objective of SHG is that it acts as the platform for members to provide space and support to each other.
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