Enhancing Financial Inclusion Through Self-Help Groups (SHGs): A Study Of Rajeevika's Support Initiatives

Abstract

Access to financial services is a fundamental aspect of economic growth especially for the growth of the rural sectors. SHGs have over time been realised as able instruments in extending financial services to the targeted poor segments. Intoductory, Rajeevika, an organization working under the Rajasthan Grameen Aajeevika Vikas Parishad (RGAVP), has played a significant role in strengthening the SHGs and hence increasing the financial inclusion among the rural persons. Analyzing the purpose of SHGs in enhancement of financial access, evaluating the performance of Rajeevika, and identification of the existing problems and future prescriptions. The research uses both SEM and ANOVA tests with setData collected from 250 respondents who are the members of SHGs. The study acknowledges considerable progress in financial for access, women’s rights and poverty reduction despite the existing challenges. Thus, this research calls for more policy backing, and other new ideas in the diversification of SHG programmes manner.