Financial Inclusion and Women Entrepreneurship: The Role of Self-Help Groups in Rural Tamil Nadu

Financial inclusion plays crucial role in promoting and developing countries like India. In the form of affordability, accessibility and its availability of the financial inclusion services from banking, credit access, investments and insurance and so on for the underprivileged SHGs women. Financial resources should ensure its own access, which enable the individual and small business to participate and develop the economic activities and overall financial wellbeing. On the other hand. SHGs development have emerged as a important tool in promoting the financial inclusion especially economically driven women in rural India. They are very small voluntary group of women, having 10 to 20, joins together to pool their savings and access to microcredit. They join and form a platform for their financial empowerment by allowing members collectively to save money, getting collateral free loans, and investing in income generating activities. It also fosters them entrepreneurship, self-reliance among women, that also provided social and economic support to their achievements. Both the financial inclusion and SHGs are key drivers of economic development, in rural women empowerment. The are very crucial in facilitating and bridging the gap between the financial services for women, that facilitate the access to savings habits, credit and insurance that fosters entrepreneurship also. The study enhances the impacts SHGs rural women on financial inclusion and entrepreneurship in the states like Tamil Nadu. It also explores about the financial accessibility that promotes the business and also contributes to socio-economic development of women. This research tries to adopt the quantitative analysis through the questionnaire methods from the various active SHGs in Tamil Nadu. The districts including of Salem, Coimbatore and Madurai. The survey was conducted to bring out the insights into the institutional support mechanism. The findings of the study mainly analysed to assess the policy effectiveness in carryout the financial inclusion. SHGs women who are all the part of validating the higher level of savings pattern, developing financial decision making, enhancing the investment through income generating activities. The research mainly highlights about the microcredit facilities that are providing through the SHGs pointedly contributing to the establishment and expansion of smallscale enterprises and income generating activities that includes tailoring, food processing, agribusiness, organic way of producing goods. The study also reveals the participation of SHGs women confidence level, bargaining power, with all economic developments. The research aims to contribute the wider scope of financial inclusion, empowerment of women, entrepreneurship in rural areas. This empirical proof that ensures the role of SHGs in rural areas of Tamilnadu.