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Abstract

After the independence in 1947, the Government of India and the Reserve Bank of India (RBI) have made collaborative efforts to provide access to credit for the poor. Despite the huge increase in official credit card access over the past few decades, rural poor continue to rely on illegal credit sources. Institutions have also experienced difficulties in dealing successfully with large numbers of small lenders. It is in this context that small-scale debt emerges as an appropriate and effective alternative to the conventional bank in reaching poor people who are inaccessible. The basic purpose of microfinance is to provide access to financial assistance, including debt to the poor to enable them to start / expand small businesses, out of poverty. Low debt makes poor people stronger and helps them access credit and other financial services to improve their income and living standards. The program aims to organize rural poor like the SHG by building up their skills to manage their own finances and negotiate bank credit on retail terms. The main purpose of microfinance or self-help groups is to empower women. Women's empowerment is an important part of development. There has been an explosion of guesswork and determination trying to gain a deeper understanding of how the works, can inspire and impact on the lives of women and their families. This perspective should investigate the empowerment of women in Alwar, Rajasthan. This research study is based on the financial uplift of women receiving a self-help group in Rajasthan. .

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