International Journal of Commerce and Managerial Science Research (IJCMSR)

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Impact of Loan Taking Behaviour On Financial Literacy Among Self Help Group Women Members

Authors : S. Suganya     Volume 1 Issue 1    Pages: 1 - 7

ABSTRACT - Micro credit projects are a fundamental source of providing financial assistance to SHG’s beneficiaries. Lending to women has become an important principle in micro credit to empower the women. Financial literacy should make SHG members to take Financial Literacy is the potential to take hold of, monitor and effectively use economic belongings to develop the health and monetary defense of oneself, and trade and also for improving the understanding of the financial service providers. The purpose of this article to find out the impact of loan taking behaviour on financial literacy among the self help group women members in Virudhunagar District of Tamil Nadu.The data were collected from 400 SHG women members randomly from 11 Blocks of Virudhunagar District using Financial Literacy Scale Questionnaire which were developed and standardized by the investigator. The data were analyzed using f-test in order to find out the results and conclusions. Finally the study reveals that Loan taking behaviour plays a very significant and vital role on financial literacy of the self help group women members in Virudhunagar District.

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