Savings Habit Among Women in Self Help Groups with Reference to Chennai

Abstract

This research paper is attempted to analyse the savings habit among women self Help groups operating in Chennai. The major aim for establishing women SHGs is to empower the women in various aspects and which mainly helped them to be independent financially or economically in the society. Basically, SHGs motivating people to save and contribute money for their group business and empower them in all dimensions. savings habit is one of the variables which helps to measure financial independence or financial empowerment of women through SHGs. The major objective of this paper is to analyse savings habit among SHG members before & after joining SHGs and how savings habit made them to empower financially. The samples were collected among 20 SHGs randomly of which 5 members from each SHGs were selected and total of 100 members were chosen for data collection purpose. Structured questionnaires were distributed among the selected SHG members to draw their views and facts about their savings habit before & after joining SHGs. Paired sample t test was adopted to measure their savings habit before and after joining SHGS and to find financial empowerment of women through SHGs.