Impact of Self-Help Groups in bringing in socio- economic change: An assessment

Abstract

         To bring the poor within the umbrella of organized financial sector different micro finance schemes have widely been recognized as major avenues in our country. Micro finance has emerged as a viable alternative of traditional banking for bringing in social and economic changes. Self-Help Groups are considered as the main vehicle in this context. National Bank for Agriculture & Rural Development (NABARD) has played a vital role in the development and promotion of Self-Help Groups and Micro Finance Institutions and providing them refinance at special rates. This paper basically tries to see how far these Self-Help Groups have been successful in bringing in the much expected social and economic changes especially in the rural areas of our country.