The Gains of Group Entrepreneurship Development : Analyzing the Employment Dimensions of Self Help Groups in India

This paper deliberates on the dimensions of entrepreneurship development with self-help groups (SHG) in India. It is an innovative form of entrepreneurship development and employment generation. Entrepreneurship plays a vital role in the growth and development of any country and society. The self-help groups involved in businesses in India are majorly run by women. It provides economic development, empowerment, and social equality to the members. A self-help group is a small informal voluntary association of people mainly from the same socioeconomic strata. It enables them to become self-dependent, self-sufficient, and self-reliant. The self-help groups are more creative and innovative, as they are more flexible and informal. They come together to solve their common problems through group entrepreneurship. Unemployment is rising, and it has a more significant impact on women than men in India, but entrepreneurship by self-help groups is creating marginal improvements in employment and income of women in India. The study was piloted using a questionnaire on a sample of 240 members of self-help groups in India. The factor analysis was employed to realise the gains, and the outcome of the study specifies the functioning, innovation, and challenges of self-help group entrepreneurship. It also examines the demographics, distribution, and contribution of self-help groups for entrepreneurship