Role of Self-Help Group in Socio-Economic Development of India

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Dr. Srinivasa Rao Dokku, Dr. P. Sundara Bala Murugan, Dr. C. Vijai, Dr. D. Paul Dhinakaran, Mr. M Mohamed Ilyas, M. Raja Lakshmi

Abstract

This study examines the pivotal role played by Self-Help Groups (SHGs) in driving socio-economic development in India. Through a comprehensive review of literature and empirical data, the study elucidates the multifaceted contributions of SHGs in empowering marginalized communities, particularly women, and fostering economic resilience. The paper underscores the instrumental role of SHGs in facilitating access to financial services, promoting entrepreneurship, and alleviating poverty. Furthermore, it delves into the transformative impact of SHGs on skill development, community cohesion, and the implementation of government initiatives. By analysing the collective efforts of SHGs, this research provides valuable insights into the mechanisms that underpin their effectiveness in bolstering India's socio-economic landscape. The findings of this study offer practical implications for policy makers, practitioners, and stakeholders seeking to harness the potential of SHGs for sustainable development.

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Dr. Srinivasa Rao Dokku, Dr. P. Sundara Bala Murugan, Dr. C. Vijai, Dr. D. Paul Dhinakaran, Mr. M Mohamed Ilyas, M. Raja Lakshmi. (2023). Role of Self-Help Group in Socio-Economic Development of India. European Economic Letters (EEL), 13(4), 534–544. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/633
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