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