Question 5GS2GS2
Self help groups (SHGs) create collective efforts towards financial inclusion and robust social capital. Elaborate.
Main Body
SHGs also called as 'Rations/half Groups' (JFM model) are a collective group of people who come together to carry out as economic activity.
Role in financial inclusion:
1Bank linkage → through SHGE Bank linkage program of Nabsard. Access to formal credit through Microfinancial agencies like banks of NBFI's etc.
2Formalization of economy by promoting digital payments by UPI & other state.
4Financial inclusion of women (e.d), (S.S) of Jan Dhan accounts are held by women
Role in Robust Social Capital:
1Enhances cooperation among members
2Counters social evils & leads to women empowerment.
3Increases Attendance on one another and helps to counter social divisions.
4Behavioral change in society among males, females & elders. Shortcoming & limitations→ (A) low penetration & diversification
Way Ahead(1) Economic survey 2023panchayats
(D) NGO - Coordinated associative SHG Model for increased cooperation
2Formalization of professional management. SHGs will be critical to solve 'ushkpd disli' vision to make it dynamic, women-centric, Bharat',
158 words3 paragraphs
- Clearly defines SHGs and their purpose
- Identifies multiple channels for financial inclusion
- Provides specific statistics and schemes
- Discusses social capital dimensions comprehensively
- Identifies behavioral and attitudinal changes
- Provides forward-looking solutions
Topper
VIKAS
AIR 272025
Subject & Paper
GS2GS2
Topic
Development Processes - Role of NGOs, SHGs, Donors, and other Stakeholders
NGOs and SHGs
Self-help groups and financial inclusion
Writing Stats
158
Total words
3
Paragraphs
formal academic
Tone