An In-depth Analysis of the Relationship between Financial Inclusion, Women Empowerment, and Self-Help Groups in the Context of Odisha, India Garu Satyaranjan1,*, Dash Srinibash2 1Ph.D. Scholar, School of Commerce, G.M. University, Sambalpur, Orissa, India, (E-mail: satyaranjangaru2@gmail.com) 2Associate Professor, School of Management, G.M. University, Sambalpur, Orissa, India, (E-mail: dash.srinibash@gmail.com) *Corresponding author E-mail: satyaranjangaru2@gmail.com
Online Published on 02 February, 2024. Abstract The study aims to measure the impact of financial inclusion on women empowerment through SHGs. Additionally, it examines the impact of SHGs on women’s entrepreneurship. The study employs an empirical methodology, utilizing statistical techniques such as Exploratory Factor Analysis, Confirmatory Factor Analysis, Structural Equation Model, and Multiple Regression Analysis. The study focused on three constructs derived from the Exploratory Factor Analysis i.e., Financial Inclusion, Women’s Empowerment, and Socio-economic Development. Each construct comprises several variables. From the measurement model, it checked the validity & reliability criteria in this study. Self-help Groups have a huge impact on the entrepreneurship of women. Women’s entrepreneurship encompasses the generation of ideas, the production of goods and services, and commercialization to earn profits. Likewise, in Odisha, the combination of financial inclusion and socioeconomic development has a profound impact on women’s empowerment through SHGs. The application of multivariate analysis further enhances the current understanding in the research domain of financial inclusion, women’s empowerment, and women’s entrepreneurship. Top Keywords Financial Inclusion, SHG, Women Entrepreneurship, Women Empowerment. Top |