Transforming Lives: Impact of SHG Microenterprises on the Socio-Economic Status of Women in Andhra Pradesh

Abstract

Entrepreneurship is a buzzword in the current trend, as most of the youth are showing interest in choosing an entrepreneurial career. The current article focuses on the women-led micro enterprises in rural and urban areas through Self-Help Groups (SHGs). To proceed with the current research, a Sample from Andhra Pradesh has been considered, and descriptive statistics. The demographic profile reveals that rural female micro enterprise owners economical status shows evident growth compared to that of urban female micro enterprise owners. The analysis resulted in micro enterprises being predominantly in dairy, agriculture, and life on water businesses. In these areas, income is generated from both semi-skilled and unskilled people. There is evidence in the business sustainability, employment generation, and economic upgradation of entrepreneurs through SHGs. It is concluded that SHG-supported micro enterprises enhance women's entrepreneurial careers and strengthen their financial status.