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Enhancing Financial Inclusion: The Catalytic Role of Self Help Groups

The Management Accountant, May 2009

5 Pages Posted: 26 Jun 2010  

A. P. Pati

North Eastern Hill University

Date Written: May 2009

Abstract

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.

Keywords: Financial Inclusion, Financial Exclusion

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: https://ssrn.com/abstract=1630253

Ambika Prasad Pati (Contact Author)

North Eastern Hill University ( email )

Umshing-Mawkynroh
Shillong
Meghalaya, 793022
India

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