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Financial Management Practices for Empowerment of Women's Self Help Groups in Micro Finance-A Study


Affiliations
1 P.G. Department of Business Administration, Akkineni Nageswara Rao College, Gudiwada, Andhra Pradesh, India
     

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India occupies a significant place and a niche in global microfinance through promotion of the Self-Help Groups (SHGs) and the home grown SHG - Bank Linkage Model. Financial inclusion is the call of the day for economic inclusion to uplift the rural poor. Women Self Help Groups are playing an important role in optimization of natural and human resources as nearly 50 per cent of the working women in rural areas are engaged in agriculture and allied activities. Over a period of time it has been a point of concern that WSHGs require a large amount of pre and post lending monitoring and the success lies in the regularity in the flow of finance. Keeping in view the importance of financial management in micro finance in the empowerment of rural women in India an attempt is made in this research paper to examine the financial management practices of Women's Self Help Groups.

Keywords

Micro-Finance, Self Help Group, Financial Inclusion, Women Empowerment, Entrepreneurial Finance.
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  • Financial Management Practices for Empowerment of Women's Self Help Groups in Micro Finance-A Study

Abstract Views: 353  |  PDF Views: 0

Authors

V. Narasimha Rao
P.G. Department of Business Administration, Akkineni Nageswara Rao College, Gudiwada, Andhra Pradesh, India

Abstract


India occupies a significant place and a niche in global microfinance through promotion of the Self-Help Groups (SHGs) and the home grown SHG - Bank Linkage Model. Financial inclusion is the call of the day for economic inclusion to uplift the rural poor. Women Self Help Groups are playing an important role in optimization of natural and human resources as nearly 50 per cent of the working women in rural areas are engaged in agriculture and allied activities. Over a period of time it has been a point of concern that WSHGs require a large amount of pre and post lending monitoring and the success lies in the regularity in the flow of finance. Keeping in view the importance of financial management in micro finance in the empowerment of rural women in India an attempt is made in this research paper to examine the financial management practices of Women's Self Help Groups.

Keywords


Micro-Finance, Self Help Group, Financial Inclusion, Women Empowerment, Entrepreneurial Finance.