Indian Microfinance: Empowering Communities. Navigating Your Banking Needs

      Аннотация: The empowerment of women is fundamental to the strength of families and societies. In India, women's development is pivotal to the success of a significant portion of the workforce. One such initiative is the promotion of Self-Help Groups aimed at organizing economically marginalized women to access micro-financing through bank linkages, women in marine community play a crucial role in both pre- and post-harvest activities. They manage households, childcare, education, health, finances, and debt repayment responsibilities, while contributing significantly to post-harvest seafood handling, processing, and marketing. However, their responsibilities double during the off-season, raising concerns about their quality of life, including access to health, sanitation, education, and empowerment. Research conducted that SHGs has positive impact fisherwomen's lives by increasing family income, encouraging savings, enhancing financial discipline, improving social status, promoting decision-making within families, and raising awareness about health and personal hygiene. However, there are challenges related to banking services and access to loans tailored to the specific needs of marine women.

Ключевые слова: Microfinance, Micro credit, Self Help Groups, Rural Finance