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…
Poverty, when transmitted over generations, can evolve into a cultural phenomenon that influences not just economic status but social, psychological, and behavioral patterns. This concept of poverty as a culture is not simply about the lack of material wealth but extends to the ways in which poverty shapes mindsets, behaviors, and values across generations. Understanding…
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…
Land reforms refer to a set of policies and legal measures aimed at improving the land tenure system, redistributing land, and promoting agricultural productivity and social justice. Uttar Pradesh, a large state in northern India with a predominantly agrarian economy, underwent significant land reforms post-independence to address the issues of landlessness, inequality, and exploitative practices….
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…