RURAL ENTREPRENEURSHIP AND INCLUSIVE GROWTH OF SELF-HELP GROUP MEMBERS

Abstract

This research paper explores the vital role of Self-Help Groups (SHGs) in fostering rural entrepreneurship and inclusive growth of the members. By examining the framework of women’s entrepreneurship and rural development, the paper highlights that SHGs empower women economically and socially. The study reviews literature that underscores the effectiveness of SHGs in promoting entrepreneurship, financial inclusion, and social empowerment. It further conducts an ABCD (Advantages, Benefits, Constraints, and Disadvantages) analysis to provide a comprehensive understanding of the impact of SHGs on rural women’s entrepreneurial development. The findings indicate that rural entrepreneurship through SHGs significantly contributes to community development, job creation, and improved living standards while also identifying challenges related to market access, financial literacy, and sustainability. The paper concludes with suggestions for enhancing the effectiveness of rural entrepreneurship of SHGs through government support, simplified loan processes, capacity building, and improved market access. By addressing these challenges, SHGs can continue to play a crucial role in driving inclusive growth and sustainable development of rural entrepreneurship. KEYWORDS: Self-help groups, Rural Entrepreneurship, Inclusive Growth, Women's Empowerment, Economic Development.