A Study on Sustainability and Coping Ability of SHGS Members with Special Reference to SKDRDP Micro Finance Programme

Micro finance in general is a practice of providing the poor with credit, savings and insurance facilities to set up or to expand Income generating activities relating to agriculture and its allied activities and non farm sector and thereby reducing poverty. In India, the history of Micro Finance, rural credit, and poverty alleviation are inextricably interwoven. Micro Finance has turned out to be a very useful development assistance product. It reached millions of poor people and emerged as a revolution. Over the past two decades of the Bank's association, India's SHG movement has evolved from small savings and credit groups that sought to empower poor rural women, into one of the world's largest institutional platforms of the poor. Today, 67 million Indian women are members of 6 million SHGs. Presently SKDRDP is actively involved in implementing the financial inclusion plan of the government of India by working as Banking Correspondent and Business Facilitator BC and BF in all the areas of its operation. Under the programme SKDRDP is promoting Self Help groups enabling the poor people in the remote villages to access banking facilities at their door steps. The paper is an attempt to understand the progress of SHGs members after taking micro finance service from SKDRDP. Through the current study the researcher has made an attempt to analyze the perception of selected Self help group members on Micro Finance Programme, the challenges they faced and the steps taken by SKDRDP to overcome the same due to the hit of COVID 19 and the support they got for their growth to survival. Praveena D | Dr. Ravi M N "A Study on Sustainability & Coping Ability of SHGS Members with Special Reference to SKDRDP Micro Finance Programme" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38086.pdf Paper URL : https://www.ijtsrd.com/management/marketing-management/38086/a-study-on-sustainability-and-coping-ability-of-shgs-members-with-special-reference-to-skdrdp-micro-finance-programme/praveena-d