FINANCIAL MANAGEMENT THROUGH NATIONAL RURAL LIVELIHOOD MISSION: A STUDY OF WOMEN SELF-HELP GROUP MEMBERS

Abstract

The National Rural Livelihood Mission (NRLM) is a pivotal initiative in India’s quest to alleviate poverty and empower rural communities, particularly women, by promoting Self-Help Groups (SHGs). This study delves into the impact of NRLM on the sustainable financial management of women SHG members in the Nagaon district of Assam. The primary objective is to analyze the extent to which NRLM has influenced the financial management practices of women within SHGs focusing on sustainability. Through a mixed-methods approach with surveys, interviews and qualitative analysis, the research aims to assess various facets of financial management, including training on financial management skills, sources of finance, uses of finance by beneficiaries and the impact of finance on beneficiaries. The result of the study exhibits that NRLM positively influenced women in financial management and their socio-economic empowerment. By elucidating the results from the study on women SHG members in the Nagaon district, this research will contribute valuable insights for policymakers, practitioners and stakeholders striving to enhance the effectiveness and sustainability of NRLM interventions in fostering inclusive economic growth and empowerment at the grassroots level.