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VOL. 7, ISSUE 4 (2025)

The contribution of self-help groups in enhancing financial literacy among women in Eastern Uttar Pardesh

Authors

Rahul Maurya

Abstract

Self-Help Groups (SHGs), especially for women in rural areas, have emerged as powerful instruments for socioeconomic empowerment. This study examines how Self-Help Groups (SHGs) help women in Eastern Uttar Pradesh become more financially literate. By analyzing quantitative data obtained from surveys and bolstering it with secondary data from reliable sources, this study illustrates their role to improving women's financial literacy, decision-making, and economic independence. According to the findings, SHGs enhance formal credit availability and financial product understanding in addition to encouraging consistent saving and prudent budgeting. These conclusions are supported by secondary data, which emphasizes how important SHGs are to reducing gaps in financial literacy and promoting financial inclusion. Notwithstanding these developments, issues such as lack of advanced training, sociocultural barriers, and inadequate digital infrastructure still prevent SHGs from reaching their full potential. In order to overcome these obstacles and expand the reach of financial literacy initiatives, this study highlights the necessity of cooperation between SHGs, governments, and financial institutions. The results advance knowledge of how SHGs serve as financial empowerment catalysts, opening the door for broader socioeconomic development.

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Pages:38-43

How to cite this article:

Rahul Maurya "The contribution of self-help groups in enhancing financial literacy among women in Eastern Uttar Pardesh". International Journal of Commerce and Economics, Vol 7, Issue 4, 2025, Pages 38-43

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