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Microfinance: A Pathway of Success for Self Help Group


Affiliations
1 Research scholar, C.V. Raman Global University Bhubaneswar, India
2 Associate Professor, C.V.Raman Global University Bhubaneswar, India
3 Research Scholar, G.M. University Sambalpur, Odisha, India
 

To bring the under privileged into the economic mainstream of nation, a financial architecture was needed with the objectives of providing small credit and mobilizing small deposits through an effective application of the mechanism. A meaningful positive growth in GDP always assume to cater to the needs of the people as a whole. This gives birth to the concept of inclusive growth & gender equality which simultaneously conceptualized the SHG model. Liberalization compelled to bring more women into the purview of different financial services sector & Microfinance concept has widely being getting momentum to bring a complete glory to the mission. Microfinance plays a pivotal role in involving women in different poverty alleviation activities and majority of these are going successfully in their mission. In view of the above the present study has made an attempt to evaluate the influence of Microfinance activities in eradicating poverty among the rural poor through SHG model.

Keywords

Financial Architecture, Underprivileged, Inclusive growth, Gender equality, Poverty alleviation
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  • Microfinance: A Pathway of Success for Self Help Group

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Authors

Bishnu Prasad kar
Research scholar, C.V. Raman Global University Bhubaneswar, India
Sasmita Mishra
Associate Professor, C.V.Raman Global University Bhubaneswar, India
Madhusmita Tripathy
Research Scholar, G.M. University Sambalpur, Odisha, India

Abstract


To bring the under privileged into the economic mainstream of nation, a financial architecture was needed with the objectives of providing small credit and mobilizing small deposits through an effective application of the mechanism. A meaningful positive growth in GDP always assume to cater to the needs of the people as a whole. This gives birth to the concept of inclusive growth & gender equality which simultaneously conceptualized the SHG model. Liberalization compelled to bring more women into the purview of different financial services sector & Microfinance concept has widely being getting momentum to bring a complete glory to the mission. Microfinance plays a pivotal role in involving women in different poverty alleviation activities and majority of these are going successfully in their mission. In view of the above the present study has made an attempt to evaluate the influence of Microfinance activities in eradicating poverty among the rural poor through SHG model.

Keywords


Financial Architecture, Underprivileged, Inclusive growth, Gender equality, Poverty alleviation

References





DOI: https://doi.org/10.23862/kiit-parikalpana%2F2022%2Fv18%2Fi2%2F216389