Impact of Self Help Groups on the Food Security and Non-Food Consumption of Weaker Sections of the Society

Abstract

Microfinance across the globe is being practiced as a tool to mitigate poverty and chiefly as an empowerment tool to uplift the downtrodden. The paper has uniquely established that Self Help Groups in India have been significantly successful in achieving the objective of economic development of the weaker sections of the society in India. The paper has founded using the statistical technique and adequate sample size that SHGs have significant impacts on the per family food expenses and non-food expenses as well and hence play a significant role in improving the incomes of the weaker sections of the society which constitute sizable population of the poor and thereby ensure food security besides improving their standard of living.