Assessing the Impact of Microfinance on Socio-Economic Vulnerability in India

Abstract

Self-help groups microfinance has improved the group's social conditions. The rural sector has been essential to Indian economic development. The country has 6.40 lakh villages and 72.2% of its people live in rural areas. Financial and credit facilities provided by self-help groups (SHGs) have given disadvantaged groups hope. This study allows us to accurately assess self-help groups (SHGs) and their impact in rural and impoverished areas. This study examined SHGs' ability to address household risk factors.