ROLE OF SELF – HELP GROUPS IN FINANCIAL INCLUSION – A Study With Reference to Women Self – Help Groups in Virudhunagar District

Rural development

Financial inclusion is emerging as a priority for a nation’s economic development. The Reserve Bank has been pursuing a multi – pronged strategy for enhancing the outreach of financial services including the delivery channels across on sections. Self Help Group is a small association of poor people, which form voluntary by the people from the same social and economic background. They have a purpose to solve their common problems through mutual help. These groups promote small savings among its members and such savings are deposited in a bank in the name of SHG as collective fund. There are a number of plausible ways by which matured SHGs could have been participants in the financial inclusion initiative, including being agents of providing direct banking services to the poor at their doorsteps, as a low-cost and efficient alternative.

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