“Self-help groups are seen as primary vehicles for women’s

Question

“Self-help groups are seen as primary vehicles for women’s development and empowerment.” Explain giving examples

08 Oct 2024

Answer :

Word Count : 566

Self-help groups (SHGs) have emerged as vital mechanisms for fostering women’s development and empowerment across various societies. These groups are primarily composed of women who come together to support each other in improving their economic, social, and personal circumstances. The structure and functioning of SHGs facilitate collective action and provide a platform for women to engage in financial activities, develop skills, and build confidence.

One of the most significant aspects of SHGs is their role in financial inclusion. Many women, especially in rural areas, face barriers to accessing formal banking services. SHGs provide a solution by pooling resources among members, enabling them to save money and access microloans. For instance, in India, the Self-Employed Women’s Association (SEWA) has formed numerous SHGs that empower women to start their own businesses. Through these groups, women have been able to secure loans to purchase ________ _________ ________ ________ _________ _________.
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