Authors:

Hiral Trivedi, Naishal Raval

Abstract:

In developing country like India, the first case was detected on January 30^th, 2020 and the numbers of total cases were constantly increased especially during the second wave of pandemic. The paper describes the impact of Pandemic on microfinance models particularly self-help groups in western region of the country. Self-help group has been played a vital role in empowering its members by providing an opportunity for livelihood support and income generator at the time of covid-19.  

The study is purely based on secondary data which has been use to understand the total number of self-help groups and disbursement of loan amount over a period of time in western region of the India. States such as Maharashtra, Gujarat, Goa, Diu & Daman, Dadra & Nagarhaveli are included in western region of the country.

The outcome of study interprets that how covid-19 had impacted on Indian Microfinance especially a self-help groups model. In response to Covid-19 Pandemic Government of India had taken several steps like a lockdown of twenty-one days under Disaster Management Act, 2005 and it resulted into increase of unemployment, affected trade cycle, manufacturing and service activities. This paper also studies the various measures taken by the Government of Gujarat with reference to the Covid-19.

Covid-19 had impacted negatively not only in India, but also other developed countries, developing countries as well. Across the world, Government had focused more on expanding the fiscal measures to boost health expenditure, income transfer and welfare payments, subsidies and minimizing the short-term unemployment.

Keywords:

Self-help groups, micro finance, covid-19, Indian economy

Vol & Issue:

VOL.14, ISSUE No.Special Issue 1, january 2022