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Impact of Micro-Finance on Socio-Economic Status of SHG Women: A Study in Ranchi District, Jharkhand

  • Unique Paper ID: 167672
  • Volume: 11
  • Issue: 4
  • PageNo: 54-61
  • Abstract:
  • Microfinance in India began in the early 1980s with informal self-help groups (SHGs) aimed at providing access to savings and credit services. Since then, the sector has grown significantly, highlighting the importance of microfinance in improving the livelihoods of the poor and vulnerable.The core function of microfinance is to provide financial services, giving poor women and men access to savings and credit.This paper aims to examine the impact of microfinance on the socio-economic status of SHG women.For this study, 200 SHG women were randomly selected from five mandals in Ranchi district, Jharkhand. The potential of microcredit extends beyond just providing financial services to the poor and vulnerable.This distinction is crucial for designing effective microcredit programs. While microfinance depends on stable economic institutions like banks, its potential relies on the health of social institutions such as norms, patriarchy, and education. Since women play a central role in microfinance, understanding this difference is essential.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 4
  • PageNo: 54-61

Impact of Micro-Finance on Socio-Economic Status of SHG Women: A Study in Ranchi District, Jharkhand

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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