SELF-HELP GROUPS-A TRANSFORMATIVE FORCE FOR WOMEN'S SOCIAL STATUS
Dr. Anand K
Associate Professor, Department of Business Administration, Maharaja’s College, University of Mysore, Mysore, Karnataka
Abstract
Women constitute around fifty percent of the total human resources in our economy. Yet women are the more poor and under privileged than men as they are subject to many socio-economic and cultural constraints. The situation is more severe in the rural and backward areas. Women development activities must be given importance to eradicate poverty, increase the economic growth and for better standard of living. Self Help Group (SHGs)-Bank Linkage Programme is emerging as a cost effective mechanism for providing financial services to the “Unreached Poor” which has been successful not only in meeting financial needs of the rural poor women but also strengthen collective self help capacities of the poor ,leading to their empowerment. Rapid progress in SHG formation has now turned into an empowerment movement among women across the country (Tiyas biswas, 2007). Investing in women brings about a multiplier effect. Stories of women who not only are better off economically as a result of access to financial services, but who are empowered as well. Simply getting cash into the hands of women (by way of working capital) can lead to increased self-esteem, control and empowerment by helping them achieve greater economic independence and security, which in turn gives them the chance to contribute financially to their households and communities because women “tend to keep nothing back for themselves they contribute decisively to the well-being of their families”(Susy Cheston and Lisa Kuhn, 2002).SHG by mobilizing women around thrift and credit activities have resulted in economic self reliance there by changing their social attitude and status in the family and society SHG has emerged as a key programming strategy for most of the women development activities.
Keywords: Bank Linkage Programme ,Empowerment, Financial Services, Self Help Group, Socio-Economic.
Journal Name :
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EPRA International Journal of Economics, Business and Management Studies (EBMS)
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Published on : 2024-10-21
Vol | : | 11 |
Issue | : | 10 |
Month | : | October |
Year | : | 2024 |