SHG INITIATIVES: A CORRIDOR TO SOCIO-ECONOMIC UPLIFTMENT OF WOMEN

Abstract

The study explores the role of Self-Help Groups (SHGs) in uplifting socio-economic status amongst women in Zunheboto, Nagaland. SHGs are grassroots-level institutions that enhance financial independence and social solidarity, particularly in rural areas. The research critically examines the SHGs with a sample size of 30 SHG members. Educational levels, income, dividend and decision-making participation have been taken as the key focused areas in the study. The study observed that SHGs fosters financial independence through savings and income-generating activities. The study also delves into the SHGs’ organizational structure, including leadership roles, decision-making, business activities and monthly contributions. It reveals that these groups have had a significant impact on Women’s empowerment, particularly in decision-making and financial management strategies. However, challenges such as inadequate financial access, lack of training and poor infrastructure remain barriers to their full potential. Amongst the many factors behind good turnover of SHGs’, active entrepreneurial initiative is found to be most productive factor. SHGs have massive potential to contribute to the socio-economic development of the rural area through women participation in socio-political and economic platforms.