Self-Help Group's Contribution to India's Economic and Social Progress

Abstract

One of the most significant issues of the twenty-first century is the self-help group. Practically speaking, these are intended to empower women in underdeveloped socioeconomic regions. In our daily lives, we see that self-help groups, which are small voluntary associations of less than twenty individuals, either registered or unregistered, preferably from the same and backward socioeconomic background, are not sufficient to empower women on their own. SHGs are now the primary goals in India for the eradication of poverty and the advancement of women. Due to the increasing rise of community-based NGOs, this movement has gained steam globally, particularly in India. However, many community-based NGOs face significant challenges in their operations. The research is solely based on secondary sources.The study emphasizes how crucial SHGs are to lowering poverty, encouraging entrepreneurship, and facilitating access to financial services.It also explores how SHGs have a transformative effect on government projects, skill development, and community cohesiveness. By examining the combined efforts of SHGs, this study offers insightful information about the processes underlying their efficacy in supporting the socioeconomic environment of India. The results of this investigation provide useful implications for stakeholders, practitioners, and policymakers looking to maximize SHGs' potential for sustainable development.