The above situation calls for major structural reforms and transformational initiatives towards the revitalization of Indian agriculture both, by way of stepping up investments for productivity enhancement as also reforms in agricultural marketing and post-harvest agri logistics for boosting agricultural growth. In this context, a sustainable solution lies in collectivization of agricultural produce and value addition/ marketing by achieving the economy of scale and creating commodity-specific agri value chains with participation of agri entrepreneurs and primary producers on the equitable terms.
SHGs or Self-Help Groups are exclusive groups started primarily to empower women in rural and suburban areas, make them economically independent and help them contribute to the socio-economic development of the nation.
While there has been lots of controversy regarding the origination of Self Help Groups, the majority of the folks seem to agree that the microfinance movement played a huge role in it.
Prof. Muhammad Yunus, the famed economist of Bangladesh, started the microfinance movement with a profound vision of eradicating poverty from the world by promoting women empowerment. Being a founder of the Grameen Bank, even today he is hailed widely as the “Father of Microfinance Industry.”
With the new surge of confidence and awareness ingrained through the SHG training, there has been a vast improvement in their involvement with regards to health, education and several social sectors. In addition to this, the mobility of women in public domain has increased remarkably.
The development of Micro-enterprises has been adopted widely as an anti-poverty strategy in most of the developing countries. Micro enterprises have become a powerhouse of economic growth and equitable expansion of the country.
The SHGs have bridged several gaps in the caste system, the male dominance and domestic violence have declined at an impressive rate owing to measures carried out for gender-equality. There have been changes in the constitution as well, the panchayat raj system which offered 50% seats to women candidates is a whopping step towards creating an anti-biased inclusive nation.
SHG owned businesses are the fastest growing divisions of the micro enterprise industry as the support program strives to offer people a few modest means to kick start their entrepreneurship journey. From being presented with the opportunity to manage a major tourist destination for the first time to manufacturing unique products which win accolades for their exceptional quality.