Enhancing Financial Inclusion: The Catalytic Role of Self Help Groups

A. P. Pati

North Eastern Hill University

May 2009

The Management Accountant, May 2009

A large section of rural population does not have any access to formal credit. The exclusion of such a vast segment of the population warranted a new form of intermediary and in response to this self help groups emerged in India. Whether SHGs could be an effective intermediary in bringing more financial inclusion is studied in this article. It is observed that financial inclusion through SHG efforts has a tremendous potential, but there is the need of increasing effort by NGOs, state governments and MFIs and banks. To enhance the ambit of inclusion through the SHG format other products like micro insurance and money transfer services also need to be introduced along with lone credit facility.

Number of Pages in PDF File: 5

Keywords: Financial Inclusion, Financial Exclusion

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Date posted: June 26, 2010  

Suggested Citation

Pati, A. P., Enhancing Financial Inclusion: The Catalytic Role of Self Help Groups (May 2009). The Management Accountant, May 2009. Available at SSRN: http://ssrn.com/abstract=1630253

Contact Information

Ambika Prasad Pati (Contact Author)
North Eastern Hill University ( email )
Meghalaya, 793022
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