| Title: AN UNDERSTANDING INTO THE ROLE OF NGO’S IN PROMOTING SELF HELP GROUP TOWARDS FINANCIAL INCLUSION IN INDIA |
| Author: Dr. G. Arulselvan |
| Abstract: At Present, Self-help group are playing a very important role in the process of financial inclusion Self-help groups usually groups who get together and pool money from their savings money and lend money among against the group member’s guarantee. Peer pressure within the group helps in improving recoveries. Through SHG’s nearly 40 million households are linking with the banks. they are now permitted to utilize the service of NGOs, SHGs and other civil society organization as intermediaries in providing financial and banking services through the use of business facilitator and business correspondent models. Up till now banking are fighting the financial inclusion dream. It serves as a medium of delivering micro credit to the members and reduce their dependence on explicative informal credit delivery system consisting of money lenders, land lords, traders etc. Empowerment has thus helped women to realize their identity, capability, strengths and power. The main reason is that the products designed by the banks are not satisfying the low-income families. The provision of un complicated, small, affordable products will help to bring the low income families into the formal financial sector. Educating the consumers about the financial benefits and products of banks which are beneficial to low income groups will be great step to tap their potential towards financial inclusion dream. In this paper attempt to analyze the role of NGO’s and promoting their groups towards financial inclusion in India. |
| Keywords: NGO’s, SHG, Importance, promoting. Growth and Development, financial process |
| DOI: https://doi.org/10.38193/IJRCMS.2026.8511 |
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| Date of Publication: 09-09-2026 |
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| Published Vol & Issue: Volume 8 Issue 5 September-October 2026 |