Generate meaningful understanding of community

Livelihood programmes of Hindustan Talks revolve around women Self Help Groups (SHGs), which focus on broader objectives of women's empowerment in addition to ensuring financial security for households. SHGs are encouraged to mobilise maximum savings and internal rotation of savings before linking groups to banks for credit facilities. Stable and matured groups plans and execute various livelihood activities for income enhancement. There have been remarkable results achieved through women SHGs over time.

There are several constraints and opportunities in remote rural geographies in India when it comes to financial inclusion of marginalised communities.

Some of the Constraints are:

Inadequate banking penetration in remote locations

Product and services inadequacy of mainstream financial institutions

Lack of financial literacy in poor income groups

Dependency on informal systems which are often exploitative in nature

Lack of enough livelihood activities for absorbing financial resources

Poor digital connectivity and poor digital literacy

Highly uncertain cash flows at household level due to over-dependency on rain-fed agriculture system

Critical Platform

Self Help Groups (SHGs) are proving to be important critical platform for achieving

Women's empowerment

Financial security

Livelihood Enhancement

Improvement in Rural Governance

Community Based Savings Groups (CBSGs)

In UP, Hindustan Talks promoted Community Based Savings Groups (CBSGs) with innovative approaches of flexible savings, annual share out and simple book of accounts. Later this experience of CBSGs, helped Hindustan Talks to develop a hybrid model, which merged the advantages of CBSGs and SHGs, now called SHG+. In Jharkhand, we are engaged in the process of promoting SHGs for ensuring financial inclusion among tribal women. It has already resulted in an integrated approach of promoting livelihood and financial inclusion.

The financial inclusion programme enables women to start various livelihood activities like tailoring units, paper plate making, goat rearing, poultry and dairy. Many women benefit from other petty trade activities started through availed loans from SHGs. Some of the SHGs are now moving towards forming agriculture producers companies to access competitive markets for agricultural inputs and farm output. In addition to this, Hindustan Talks also facilitates rural communities in accessing insurance schemes, pension schemes, individual bank accounts, digital financial literacy and loans for agriculture activities.
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