MICROFINANCE & FINANCIAL INCLUSION THROUGH SHGS IN WEST BENGAL: A DISTRICT WISE STUDY

Microfinance, Financial Inclusion & SHGs are prevalent terminology used to remove poverty of the poor and vulnerable sections of society. In West Bengal, many people live in the village, and they need to provide financial services properly. To provide them with financial support, the government has taken many initiatives with the assistance of Banks & MFIs through access to microfinance and financial inclusion. The objective of the paper is to highlight the position of districts of West Bengal in respect of microfinance, financial Inclusion & SHGs and the place of West Bengal as a hole for the matter above and a little bit situation among the Indian states too. It observed that the position of West Bengal among the Indian States is fourth, both in No of SHGs Members and No of SHGs. On the other hand, the position of West Bengal is second in savings and credit compared to other states in India. It concluded that the position of West Bengal among the Indian States is glorious. Over the years, the savings for microfinance and financial Inclusion through SHGs have increased. So, it is fruitful for our state West Bengal.

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Keywords: Microfinance, Financial Inclusion, SHGs, NGOs, NABARD.


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