Financial inclusion and multidimensional poverty reduction through self-help-group-led microfinance: evidence from Bodoland, Assam, India

The ‘social banking’ policies being followed by the country resulted in widening the geographical spread and functional reach of commercial banks in rural areas in the period that followed the nationalization of banks. This paper is concluded with a view that SHG – Bank Linkage program is a success in our country India and helping many people to make their life better.

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An Overview of Sustainable Development through Micro Finance: A Study of Self Help Group – Bank Linkage Program in Central Region of India.

Journal of University of Shanghai for Science and Technology ◽

10.51201/jusst/21/05139 ◽

2021 ◽

Vol 23 (05) ◽

pp. 294-318

Author(s):

Dr. Jai Jayant ◽

◽

Chandra Dev Bhatt ◽

Keyword(s):

Rural Development ◽

Central Region ◽

Pilot Project ◽

Financial Inclusion ◽

Bank Loan ◽

Self Help ◽

National Bank ◽

Self Help Groups ◽

Linkage Program ◽

Self Help Group

Micro finance is playing an important role in India for socio-economic development of those citizens who are economically and socially backward. Micro – finance have become a vital tool for promoting financial inclusion in the country. In India, as per 2011-12 censuses, 21.9% population was below poverty line. Self Help Group – Bank Linkage Program has been continuously working since its inception for alleviating poverty in the country. Self Help Group- Bank Linkage Program was started as a pilot project by National Bank for Agriculture & Rural Development (NABARD) in the year 1992. NABARD was established in the country in the year 1982 and since its establishment, it has been continuously working in analyzing most suitable financial policies, loan disbursement methods and other allied services for promoting financial inclusion in the country. The program had been proved an important channel for smooth operation of micro-finance in the country and a yard stick for measuring growth and development of socio- economic conditions of deprived and poor people. As a pilot project, NABARD aimed to finance 500 Self Help Groups in February 1992. It has shown a tremendous growth and reached to landmark increment in number of Self Help Groups which were 55.77 lakhs as on 31-03- 2020. The present study aims to find out the growth of micro finance through SHG- Bank Linkage Program by National Bank for Rural Development in Central Region of India during a decade period ending financial year 2020. The study would analyze the Savings of SHGs’ with Banks, Bank Loans disbursed to SHG’s and Bank Loan outstanding against SHGs’ during above mentioned period.

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Financial Inclusion, Socioeconomic Disaster Risks and Sustainable Mountain Development: Empirical Evidence from the Karakoram Valleys of Pakistan

Sustainability ◽

10.3390/su12229737 ◽

2020 ◽

Vol 12 (22) ◽

pp. 9737

Author(s):

Kifayat Ullah ◽

Abdul Qayyum Mohsin ◽

Abdul Saboor ◽

Saranjam Baig

Keyword(s):

Logistic Regression ◽

Income Inequality ◽

Poverty Reduction ◽

Sampling Technique ◽

Multidimensional Poverty ◽

Financial Inclusion ◽

Living Standards ◽

Household Level ◽

Mountain Development ◽

The Impact

Does financial inclusion contribute to sustainable mountain development by providing access to financial resources and creating economic opportunities for poor mountain people? Keeping this question in mind, the present study aimed to investigate the nexus between financial inclusion and improvement in the living standards of mountain people, and reduction in socioeconomic disaster risks (economic poverty, multidimensional poverty and income inequality). For empirical investigation, the study employed Quasi Experimental Designs, Foster, Greer and Thorbecke poverty measures, Alkire et al. methodology, Gini Index and Quintile technique to assess the impact of financial inclusion on the living standards and reduction of economic poverty, multidimensional poverty and income inequality, respectively. We used the Logistic Regression technique to identify major drivers of socioeconomic disaster risks in the study area. The study collected quantitative and qualitative household level data from 424 households through structured questionnaires using multistage sampling technique for analysis. The findings of the study revealed a positive synergy among inclusive finance and living standards and a negative connection between financial inclusion and socioeconomic disaster risks in the Karakoram valleys of Pakistan. The logistic regression results also recognized financial inclusion as a potential determinant of economic poverty reduction. However, financial inclusion as a potential tool to eradicate multidimensional poverty in the study area showed insignificant results. These findings can help policy-makers and other stakeholders to understand the dynamics of socioeconomic disaster risks and the role of financial inclusion in their reduction to accomplish sustainable mountain development in the Karakoram valleys of Pakistan.

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Financial Inclusion Through Microenterprises of Rural SHGs

Marketing Techniques for Financial Inclusion and Development - Advances in Marketing, Customer Relationship Management, and E-Services ◽

10.4018/978-1-5225-4035-9.ch014 ◽

2018 ◽

pp. 269-281 ◽

Cited By ~ 1

Author(s):

Rahul Vyas ◽

Nidhi Nalwaya

Keyword(s):

Low Income ◽

Rural Areas ◽

Economic Transformation ◽

Financial Inclusion ◽

Employment Opportunities ◽

Self Help ◽

Financial Framework ◽

Self Help Groups ◽

The Impact ◽

Self Help Group

The elementary aim of microenterprises and Self Help Groups (SHGs) is to empower the impoverished populace, particularly of the rural areas, and furthermore provide financial sustainability so as to improve livelihoods. The pervasive twin threats of unemployment and exclusion from the financial framework in the rural areas are the major challenges to the economic and social development of India. A self-help group is a potent means to remove poverty in the same vein microenterprises contribute significantly to economic development and social stability by affording employment opportunities, thereby emerging as a vehicle through which low-income people can escape poverty. SHGs and microenterprises are a significant means for socio-economic transformation through financial inclusion. The objective of the chapter is to study and analyze the impact of microenterprises and SHGs on the financial inclusion of people in rural areas of Tribal South Rajasthan.

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Does access to finance alleviate poverty? A case study of SGSY beneficiaries in Kashmir Valley

International Journal of Social Economics ◽

10.1108/ijse-10-2015-0277 ◽

2017 ◽

Vol 44 (8) ◽

pp. 1032-1045 ◽

Cited By ~ 7

Author(s):

Audil Rashid Khaki ◽

Mohi-ud-Din Sangmi

Keyword(s):

Financial Services ◽

Poverty Reduction ◽

Multidimensional Poverty ◽

Financial Inclusion ◽

Access To Finance ◽

Content Type ◽

Skill Sets ◽

Multidimensional Poverty Index ◽

Quasi Experimental ◽

The Impact

Purpose The purpose of this paper is to question and analyse the basic tenets of financial inclusion and to understand the relationship between access to finance and poverty reduction. The paper attempts to elaborate the importance of unrestrained access to finance in building an inclusive financial sector, which is believed to reduce poverty by enabling poor and excluded people to participate in the economic process by employing their skill sets, labour and innovations in the productive activities of the economy, thereby not only increasing their own welfare and standards of living but also contributing at very high marginal returns to the overall economic growth. Design/methodology/approach This study evaluates the progression of the participants/beneficiaries of National Rural Livelihood Mission Scheme (erstwhile Swarnjayanti Gram Swarozgar Yojana Scheme) across various dimensions of poverty by making use of the Multidimensional Poverty Index (MPI). Findings The results suggest that the participation has in fact lead to increase in the standard of living, thereby reducing multidimensional poverty. Further, the results suggest that participation does not reduce deprivations in the “education” dimension, whereas in all other dimensions reduction in deprivations is significant. The results also suggest that the programme under study seems to be seriously mistargeting by allocating the programme to non-poor sections rather than absolute poor. Research limitations/implications The study has been conducted without following the participants over a longer period of time. The study has adopted a pre-post methodology, collecting the responses at only one point using a reflexive quasi-experimental design which leads to a recall limitation. Originality/value The paper tries to evaluate the impact of access to financial inclusion through a new perspective – the MPI. The paper examines the targeting of government-sponsored programmes and the utility of such intervention in the changing milieu of financial services.

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