A Study on Utilization of Microfinance Scheme by Self Help Groups in Amravati City
Aditi Kishor Pawar
MBA IInd Year
PG Student- Department of Business Administration (MBA)
Sipna College of Engineering & Technology, Amravati ,Maharashtra, India. pawaraditi865@gmail.com
Dr. P. A. Gadve
Assistant Professor-Department of Business Administration (MBA)
Sipna College of Engineering & Technology, Amravati , Maharashtra, India.
pagadve@sipnaengg.ac.in
ABSTRACT
Microfinance means giving small loans and financial help to poor people who cannot get loans from normal banks. In India, many poor families do not have bank accounts, documents, or security. Because of this, they cannot take loans easily. Microfinance helps these people by giving small loans so that they can start small work and earn money.
Self Help Groups (SHGs) play a very important role in microfinance. SHGs are small groups of women who save money together and take loans from banks. These groups help women to become financially strong and independent. SHGs also help banks reach poor people easily.
This study is done to understand how Self Help Groups in Amravati City use microfinance loans. The study checks whether SHG members use loan money properly or not. It also studies how the use of microfinance affects income, savings, employment, and women empowerment.
The results of the study show that most SHGs in Amravati City use microfinance loans for income-generating activities such as tailoring work, dairy farming, small shops, food processing, and petty trade. Because of this, women’s income has increased and their standard of living has improved. Women have also become more confident and are able to take decisions in their families. However, the study also finds some problems like lack of proper training, small loan amount, and weak market support. The study finally concludes that microfinance schemes have a positive impact on the socio-economi development of SHG members in Amravati City. If proper training, guidance, and support are provided, microfinance can become even more effective.
Keywords: Microfinance, Self Help Groups Loan Utilization, Women Empowerment, Financial Inclusion, Socio-Economic Development, Income Generation, SHG–Bank Linkage Programme, Amravati City.
