ARCHIVES
VOL. 8, ISSUE 1 (2022)
Role of microfinance in financial inclusion among the rural poor: A comparative study between members of SHGS and members of JLGS in Barpeta district of Assam
Authors
Anup Karmakar, Smritishikha Choudhury
Abstract
Financial inclusion among the people of a country is the key determinant of economic development of the country, but, the level of financial inclusion among the Indian people is very low and India is the second largest country in the world in terms of financial exclusion. Poor access to finance for the deprived section of the society has led to a heavy reliance by rural household on informal financing from money lenders. As the concept of microfinance emerged, the situation has improved for them. Microfinance is one of the key mechanisms to bring financial inclusion. There are various models of microfinance to provide their services. Among these, SHG (Self Help Group) model and JLG (Joint Liability Group) model are very popular. This two models of microfinance has played a significant role to bring financial inclusion among the rural mass of the country. So, the paper is to study the performance of SHG members and JLG members towards financial inclusion in rural areas of Barpeta District of Assam. The study is both descriptive and empirical in nature. Both primary and secondary sources of data has been used. The primary data has been collected from the respondents of the study area through schedule and the secondary data has collected from secondary sources, i.e., from books, newspapers, magazines, journals, articles, e-resources, etc. The sample size considered for the study is 200 SHG and JLG members (100 SHG members and 100 JLG members) and the simple random sampling method has been followed to collect the data. The data has analyzed through SPSS software. The findings of the study reveal that, the financial condition of the SHG and JLG members have been improved after joining the SHG and JLG.
Download
Pages:55-60
How to cite this article:
Anup Karmakar, Smritishikha Choudhury "Role of microfinance in financial inclusion among the rural poor: A comparative study between members of SHGS and members of JLGS in Barpeta district of Assam ". International Journal of Commerce and Management Research, Vol 8, Issue 1, 2022, Pages 55-60
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.