ItemArticle

Social capital in the form of self-help groups in India: a powerful resilient solution to reduce household financial vulnerability

Title
Social capital in the form of self-help groups in India: a powerful resilient solution to reduce household financial vulnerability
Creator
Biju D.S.; Tantia V.
Description
Due to the COVID-19 pandemic and the economys general situation, many households are now financially vulnerable. It is like a vicious cycle: once a household is caught, it will remain in the trap until and unless it competently manages its finances. These problems experienced by households have drawn attention to social capital. Self-help groups (SHGs) originated in India to pull out low-income households from poverty and are now recognized as social capital, which can be defined as the action of a group cooperating to enhance all its members benefits. This article aims to explain how SHGs have contributed to reducing various factors or determinants of household financial vulnerability through a review of several other publications, theses, newspaper articles, and reports. It was discovered that SHGs now provide much more benefits than just alleviating poverty. They have helped to reduce bad loans or non-performing assets, reduced the dependence on informal sources of finance, made households more resilient toward crises such as COVID-19, and enabled households to save money and manage their finances accurately. Organizing themselves into SHGs is the only way for rural households to overcome financial difficulties. 2023 Taylor & Francis Group, LLC.
Source
Social Work with Groups, Vol-47, No. 3, pp. 282-295.
Date
2024-01-01
Publisher
Routledge
Subject
household financial vulnerability; Self-help groups; social capital
Coverage
Biju D.S., Department of Commerce, Christ University, Bangalore, India; Tantia V., Department of Commerce, Christ University, Bangalore, India
Rights
Restricted Access
Relation
ISSN: 1609513
Format
Online
Language
English
Type
Article

Collection

Articles

Citation

Biju D.S.; Tantia V., “Social capital in the form of self-help groups in India: a powerful resilient solution to reduce household financial vulnerability,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/13796.

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