ISO 9001:2015

REVITALIZING INDIA'S POST-COVID ECONOMY THROUGH SELF-HELP GROUPS: OPPORTUNITIES AND CHALLENGES

Ranjan Kumar & Dr. Bablu Kumar

The Self Help Groups in India have not only contributed to the production of essential items but have also taken up several initiatives to ensure that people have access to these items at affordable prices. For example, Self Help Groups in various states have produced and distributed masks and sanitizers for free to people who couldn't afford them. This has helped in reducing the spread of the virus in the community and has also generated employment opportunities for many. Self Help Groups have also played a vital role in providing financial assistance to people during the pandemic. Many Self Help Groups in India have set up emergency funds to support people who lost their jobs or businesses during the pandemic. This has helped in providing financial assistance to people in need and has also reduced the economic impact of the pandemic on society. Moreover, the Self Help Groups have played a critical role in providing employment opportunities to women in rural areas. With the closure of several businesses and industries during the pandemic, many women in rural areas lost their jobs. Self Help Groups have provided them with employment opportunities by engaging them in activities like mask-making, vegetable farming, and handicrafts. This has not only helped in providing them with a source of income but has also empowered them to be financially independent.

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Keywords: SHGs, Revitalizing Indian Economy, COVID-19 Pandemic.


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