New Delhi: The Women’s Self-Help Group (SHG) schemes are turning out to be an enormous success within the rural areas leading to a tripling of incomes with 65 per cent SHG members turning into Lakhpati Didis nationwide, based on an SBI report launched on Tuesday.
The report sees Lakhpati Didis rising as a recreation changer by 2026-27 throughout most states & UTs.
Highlights of the report:
❑ Credit linkage, digital entry and focused coverage measures, coupled with an unwavering sense of entrepreneurial spirit have ensured feminine SHG members accounts witnessing revenue tripling throughout FY19-FY24 (credit in accounts), with city feminine members exhibiting 4.6X enhance whereas age group <27 years harnessing revenue enhance of 4.7 occasions, a sworn statement to younger nation concept…Most of the Female SHG members belong to the age of 35 to 50 years with median age of 43 years.
❑ Income has elevated for SHG Members throughout the board… relative revenue evaluation suggests round 65 per cent of rural SHG members have moved upwards when it comes to relative revenue in FY24 when in comparison with FY19.
❑ All the areas, besides metros have witnessed most enhance in revenue of feminine SHG members belonging to twenty-eight to 42 years in FY24 when in comparison with FY19….For metro areas, most enhance is in age group <27 years.
❑ While Andhra Pradesh and Telangana are leaders in SHGs, different states like Tamil Nadu, Uttarakhand, Kerala, Punjab, Gujarat have additionally considerably elevated feminine SHG incomes in current occasions…Further, Female SHG members of Haryana, MP, West Bengal, and Jharkhand are anticipated to cross annual revenue of Rs 1 lakhs in 1 yr…SHG members of UP, Maharashtra, Chhattisgarh, and Rajasthan could take 2 extra years in incomes annual revenue of Rs 1 lakhs…by FY27, India could have thousands and thousands of Lakhpati Didis in nearly each state.
❑ Expenditure at ATM is sort of fixed throughout FY19-23 for SHG members…Average SHG members spending at POS has elevated by 1.7 occasions throughout FY20-FY23…Highest spending is noticed in Urban and Metro area.
❑ When it involves UPI, there should not a lot region-specific variations because the expenditure of rural SHG members and Metro SHG members is just not that a lot totally different as noticed in different measures….Share of P2M transactions in UPI transactions by SHG members has practically doubled in 4 years, throughout 4 areas within the nation signifying ease of digital funds for service provider funds permeating bodily boundaries.
❑ Expenditure by way of Aadhar enabled system elevated by at the least 3 occasions in FY24 from FY23 in all areas.
Source: zeenews.india.com
