Role of Self-Help Groups (SHGs) in Promoting Women Entrepreneurship

Abstract

Self-Help Groups have emerged as a transformative mechanism for empowering women economically and socially in developing countries, particularly in India. This paper examines the multifaceted role of SHGs in promoting women entrepreneurship by analyzing their impact on financial inclusion, skill development, social capital formation, and market access. Through an exploration of existing literature, case studies, and empirical evidence, this research demonstrates that SHGs serve as effective platforms for fostering entrepreneurial capabilities among women, particularly those from marginalized communities. The findings reveal that while SHGs have significantly contributed to women's economic empowerment, challenges related to sustainability, scalability, and market integration persist and require policy interventions.