Study on Women Entrepreneurship Development through Self-Help Groups

Abstract

Entrepreneurship plays a pivotal role in nation-building, especially in developing countries like India.
Women entrepreneurs, in particular, contribute significantly to economic growth and social progress. These
women drive change and promote inclusive development since they are resilient, creative, and innovative.
However, females frequently run into a number of challenges in their entrepreneurial endeavours, such as
discrimination against women, societal hurdles, and restricted access to resources.
Self-Help Groups (SHGs) are a game-changer when it comes to advancing gender parity and empowering
female business owners. Through the facilitation of group activity and reciprocal assistance, Self-Help
Groups (SHGs) empower women to get financial services, cultivate entrepreneurial abilities, and surmount
social obstacles. Women from underprivileged and marginalized backgrounds receive the resources and
confidence needed to start and grow their enterprises through SHGs, which eventually raises their social
standing and financial security.
Overall, the study highlights the critical role of SHGs in fostering women's entrepreneurship and promoting
gender equality. By facilitating access to resources, offering mentorship and support, and advocating for
social change, SHGs empower women to realize their entrepreneurial aspirations and contribute to the
economy. The study's primary focus is on exploring the role of SHGs in promoting women's
entrepreneurship. It aims to provide a comprehensive assessment and analysis of existing knowledge on the
subject, highlighting the challenges faced by women entrepreneurs and how SHGs facilitate their
empowerment. By shedding light on the transformative impact of SHGs, the study seeks to emphasize the
importance of collective action and community support in advancing women's economic empowerment. By
analysing case studies and success stories, the study seeks to highlight effective strategies and interventions
that can be replicated and scaled up to empower more women across different regions and sectors.
Furthermore, the study explores the potential synergies between SHGs, government initiatives, and private
sector partnerships in fostering a conducive environment for women's entrepreneurship. Through a holistic
approach that encompasses policy advocacy, capacity building, and community engagement, the study aims
to contribute to the ongoing discourse on gender-responsive entrepreneurship development and inclusive
economic growth.