A STUDY ON IMPACT OF SHGs ON WOMEN'S FINANCIAL INCLUSION

Abstract

The Indian government has made it a priority to guarantee that all residents have access to fundamental financial services ever since the start of the 12th Five-Year Plan (2012-17). Financial inclusion is demonstrated by having access to inexpensive insurance, credit, and basic savings accounts. This is crucial for the disadvantaged and marginalised elements of society. The central and state governments have introduced a number of initiatives to support financial inclusion, including the Pradhan Mantri Jan Dhan Yojana, Business Correspondent and Business Facilitator Model, Branchless Banking, Kisan Credit Card, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Self Help Groups, and many others. The core of Financial Inclusion's aim is to provide financial services to the enormous underserved population because doing so will enable the nation to reach its full growth potential. The implementation of the SHG plan in the Ahmedabad District, how it has changed people' saving practises, and how PMJDY has influenced these patterns will all be examined in this study. The 594 SHG members in this Gujarati village who were willing to take part in this primary data research were chosen at random. The researchers performed a number of statistical tests, including the one-sample test, the chi-square test, and the paired two-tailed test.