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Women’s Participation in Self-Help Groups: A Pathway to Financial Independence

  • Unique Paper ID: 180720
  • Volume: 12
  • Issue: 1
  • PageNo: 2469-2481
  • Abstract:
  • Purpose: Self-help groups (SHGs) have gained recognition as effective instruments for advancing women's empowerment and financial autonomy, especially in developing nations. This paper investigates the link between women’s participation in SHGs and their progression toward financial independence. Drawing upon international and regional research, it examines how SHGs facilitate income generation, skills training, financial literacy, and the development of social capital. The paper also explores institutional and structural challenges that can limit SHG effectiveness and underscores the need for robust policy support. Furthermore, it assesses the contributions of non governmental organizations (NGOs) in fostering and sustaining SHG-based initiatives aimed at women’s empowerment. The study also delves into how SHG participation enhances women’s decision-making capacities within households and communities and whether the financial benefits gained are sustainable. Research Design: This research adopts a descriptive approach, primarily relying on secondary data from scholarly databases. It includes in-depth reviews and research articles on SHG participation and women’s financial empowerment. Findings: The study reveals that SHGs significantly contribute to women's financial independence by promoting income-generating activities, enhancing financial awareness, and strengthening social networks. It also highlights the growing role of NGOs in reinforcing SHG structures and enabling women’s active participation in economic processes at the grassroots level. Originality and Value: This study's unique contribution lies in its integrated literature-based analysis of how NGOs support and enhance the role of SHGs as tools for women's financial empowerment. It provides valuable recommendations for policymakers and stakeholders engaged in rural development and gender equity initiatives. Paper Type: This is a literature review based on a systematic analysis of scholarly articles and reports accessed through national and international academic databases. It focuses on SHGs and the role of NGOs in promoting women’s economic and social empowerment.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 1
  • PageNo: 2469-2481

Women’s Participation in Self-Help Groups: A Pathway to Financial Independence

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