In the modern world, economic development is intricately linked with social justice. As economies strive to foster equitable growth and provide opportunities for all, financial inclusion emerges as a fundamental building block for achieving both social justice and sustainable development. Financial inclusion refers to the process of ensuring that individuals, particularly those from marginalized or…
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by the Government of India in August 2014, has been heralded as a revolutionary initiative aimed at financial inclusion for the underprivileged sections of society. The scheme, often described as the “charioteer of the poor,” plays a pivotal role in ensuring that even the marginalized communities have…
Inclusive growth refers to a growth process that is equitable, where the benefits of economic development are shared by all segments of society, particularly the disadvantaged and marginalized groups. In other words, inclusive growth aims to ensure that the fruits of economic progress reach all levels of society, not just the affluent or the urban…
Self-Help Groups (SHGs) are informal associations of individuals, typically from similar socioeconomic backgrounds, who come together to address common issues, improve their living conditions, and promote self-reliance. These groups, often composed of 10 to 25 members, primarily focus on savings, credit, and income-generating activities. SHGs have gained prominence, particularly in India, as a means of…