RECENT ADVANCES IN MICROFINANCE AND SELF-HELP GROUPS

India has a high percentage of population and for this condition, Self-Help Groups and microfinance have emerged as the most popular tools for the growth of lower-income individuals in both rural as well as urban areas specifically for women, persons from poor sections of society and Divyangjan by providing banking and financial services like credit, loan, saving account, etc. Microfinance and Self-Help Groups also help individuals willing to start a small business by providing financial assistance to expand their businesses.Both the state and central governments are working to better utilise Microfinance and Self-Help Groups for the welfare of society.There are various research papers focused mainly on Microfinance and Self-Help Groups and their work with women.Researchers and scholars are making significant contributions in this area, helping us understand the importance and challenges of Microfinance and Self-Help Groups.In this paper, we review key research on Self-Help Groups and Microfinance and identify future research Recent Advances in Microfinance and Self-Help Groups https://iaeme.com/Home/issue/IJRMS 2 editor@iaeme.comdirections, drawing on recent publications.The review of previous research studies helps identify important research topics and identify new topics that need further study.In this research study, we analyse various studies and highlight key topics for future research.