An Analytical Study on the Self-Help Group Through Financial Inclusion Scheme in India

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).