FINANCIAL INCLUSION AND SELF HELP GROUPS AT SOUTH INDIAN BANK

Abstract

Financial inclusion has become an important way to support fair growth by making sure that poor people and other marginalized groups can use formal financial services. If rural women want to learn how to budget, save money, and get loans, they need to join a self-help group (SHG). One of India's most prominent private banks, South Indian Bank, has been working closely with SHGs to expand access to banking services. Microfinance, credit linkage programs, and individualized banking services are all ways the bank helps self-help groups (SHGs) become financially stable. Rural businesses and women are bolstered by this program, which also helps them to rely less on unregulated funding sources. According to the research's findings, South Indian Bank's SHG-focused programs help achieve the country's goal of financial inclusion by fostering inclusive development, community improvement, and the reduction of poverty.