Author(s): Birajit Mohanty and Sapana Sharma
India is divided into rural and urban areas, and more than half of the population relies on agriculture for their livelihood. As microfinance is a crucial component in offering financial services to the underprivileged and those with low incomes. In India, a developing nation, microfinance is important for socioeconomic improvement. It is essential for reducing poverty and fostering rural development. The Indian government has periodically launched a variety of programmes to end hunger, poverty, and unemployment. These initiatives give the poor access to employment opportunities and other forms of public assistance. One such effort by the Indian government and the RBI to promote both social and financial inclusion is the SHG-bank connection programme. Considering this, the current article aims to examine the development and standing of SHG bank linkage programmes in India. The study concludes that as the number of outstanding loans has increased, so has the percentage of SHG loan disbursement.