Saving Preferences and Financial Literacy of Self Help Group Members: A Study of Uttar Pradesh
Journal Title: MANTHAN: Journal of Commerce and Management - Year 2017, Vol 4, Issue 2
Abstract
Microfinance is the provision of financial services to the rural and underprivileged sections of the society to engage in income-generating activities for their own growth and progress. This paper examines the income generating activities of Self-Help Groups (SHGs) for empowerment of women. It also analyses the saving preferences of SHG members and examines the financial literacy of these members after joining the SHGs. The analysis reveals that the different types of income generating activities started by SHG members include embroidery work, dairy, flower and bangle making, jute work, stitching work, vegetable cultivation and own shop. Among these, ‘own shop’ is the most prominent income generating activity followed by ‘stitching work’. In terms of saving preference, ‘own business development’ is their first saving preference for sustainable livelihood; ‘education of children’ is their saving preference for future of their children and ‘repairing of house’ is their saving preference for immediate expenditure. The analysis in terms of financial literacy reveals that financial literacy of SHG members regarding ration card, voter card, bank account and their phone number has increased after joining of SHGs.
Authors and Affiliations
Sandhya Ruhela, Ajai Prakash
Keywords
Related Articles
- EP ID EP623940
- DOI 10.17492/manthan.v4i02.11459
- Views 201
- Downloads 0
An Empirical Study on Employee Engagement and its effect on Job Satisfaction
Employee engagement is the rudimentary idea which helps in distinguishing and portraying the idea of connection among workers and their organisation, both subjectively and quantitatively. A worker who is locked in has a...
A Study of Job Satisfaction of Front Line Sales Employees in Insurance Sector of India
The most vital role of Human Resource Management in an organization is the appropriate implementation of human resource development strategies to accelerate its growth and development. Researchers have emphasized on huma...
Analysing Green Purchasing Behaviour through Subjective Norms and Perceived Behaviour Control
The motive behind the research is to find and analyse the impact of subjective norms and perceived behaviour control on the purchasing pattern of consumers while selecting eco-friendly products. The increase in consumer...
An Empirical Evaluation of Factors leading to Happiness
Happiness is a multidimensional concept with strong predisposition for qualitative dimensions-emotional well-being, good life, generosity, freedom from suffering, health, sustainability etc. Its measurement also requires...
Fundamental Research Analysis of Real Estate Sector: A Case Study of IRB Infrastructure and Developers Ltd.
Fundamental analysis is true to its name in being a fundamental research tool to explore the potential of a particular industry or company which can be very helpful in making investment decision. It can also be used to f...