Effectiveness Of Micro Finance Schemes And Self Help Groups: A Study On Socio-Economic Status Of Urban Women Working In Manufacturing Industries At Krishnagiri District

Abstract

Microfinance schemes and self-help groups (SHGs) have been predictable as important tools for promoting economic empowerment and financial inclusion, particularly among women and relegated communities. These initiatives intention to provide access to financial services such as savings, credit and insurance along with capacity building support to augment the socio economic well -being of individuals and communities. SHGs formed for the purpose of economically empowering women and communities engage in saving and lending deeds and often participate in bank-linkage programs to access larger groups of capital. This study will explore the socio-economic factors influencing the effectiveness of microfinance schemes and self-help groups. This includes probing variables such as income levels, educational attainment, employment opportunities and access to resources in the context of urban women in manufacturing industries at Krishnagiri district. The statistical tool such as ANOVA test and Chi-Square test was used to bring appropriate results.