Research Project Proposal

On

Financial Inclusion of Scheduled Caste Women: A Case

Study of the SHGs in Maharashtra

by

Dr. Sunil Bhau Bhosale

Project Director

Centre for Study of Social Exclusion and Inclusive Policy

Gokhale Institute of Politics and Economics,
Deemed University, Pune

2013

1
 Financial Inclusion of Scheduled Caste Women: A Case
Study of the SHGs in Maharashtra

Introduction:
The recent developments in banking technology have transformed banking from
the traditional brick-and-mortar infrastructure like staffed branches to a system
supplemented by other channels like automated teller machines (ATM), credit/debit
cards, internet banking, online money transfers, etc. The moot point, however, is that
access to such technology is restricted only to certain segments of the society. Indeed,
some trends, such as increasingly sophisticated customer segmentation technology –
allowing, for example, more accurate targeting of sections of the market – have led to
restricted access to financial services for some groups. There is a growing divide, with
an increased range of personal finance options for a segment of high and upper middle
income population and a significantly large section of the population who lack access to
even the most basic banking services. This is termed “financial exclusion”. These
people, particularly, those living on low incomes, cannot access mainstream financial
products such as bank accounts, credit, remittances and payment services, financial
advisory services, insurance facilities, etc.
Deliberations on the subject of Financial Inclusion contributed to a consensus
that merely having a bank account may not be a good indicator of financial inclusion.
Further, indebtedness as quantified in the NSSO 59th round (2003) may not also be a
reflective indicator. The ideal definition should look at people who want to access
financial services but are denied the same. If genuine claimants for credit and financial
services are denied the same, then that is a case of exclusion. As this aspect would
raise the issue of credit worthiness or bankability, it is also necessary to dwell upon
what could be done to make the claimants of institutional credit bankable or
creditworthy. This would require re-engineering of existing financial products or
delivery systems and making them more in tune with the expectations and absorptive

2
capacity of the intended clientele. Based on the above consideration, a broad working
definition of financial inclusion could be as under:
“Financial inclusion may be defined as the process of ensuring access to financial
services and timely and adequate credit where needed by vulnerable groups such as
weaker sections and low income groups at an affordable cost.”
The essence of financial inclusion is in trying to ensure that a range of
appropriate financial services is available to every individual and enabling them to
understand and access those services. Apart from the regular form of financial
intermediation, it may include a basic no frills banking account for making and receiving
payments, a savings product suited to the pattern of cash flows of a poor household,
money transfer facilities, small loans and overdrafts for productive, personal and other
purposes, insurance (life and non-life), etc. While financial inclusion, in the narrow
sense, may be achieved to some extent by offering any one of these services, the
objective of “Comprehensive Financial Inclusion” would be to provide a holistic set of
services encompassing all of the above.1
Role in microfinance
Deepening the outreach of the microfinance programme is an effective way in
reaching out to the excluded segments. Commercial Banks have played a very
important role in the SHG-Bank Linkage Programme having linked 69.62 lakh SHGs,
forming more than 6551.41 Crore of the total SHGs credit-linked in the country.2 This
programme should be strengthened and carried further, playing a key role in financial
inclusion.
Profile of Maharasthra:
Maharashtra occupies the western and central part of the country and has a long
coastline stretching nearly 720 kilometers along the Arabian Sea. The Sahyadri
mountain ranges provide a physical backbone to the State on the west, while the
Satpuda hills along the north and Bhamragad Chiroli-Gaikhuri ranges on the east serve
as it’s natural borders.

1
Report of the Committee on Financial Inclusion, 2008, NABARD. P. 1-2.
2
Ibid, p.8.

3
 Maharashtra is the second largest state in India both in terms of population and
geographical area (3.08 lakh sq. km.). The State has a population of around 11 crore
(Census 2011) which is 9.3 per cent of the total population of India. The State is highly
urbanised with 45 per cent people residing in urban areas.
The State has 35 districts which are divided into six revenue division’s viz.
Konkan, Pune, Nashik, Aurangabad, Amravati and Nagpur for administrative purposes.
The State has a long tradition of having statutory bodies for planning at the district. For
local self-governance in rural areas, there are 33 Zilla Parishads, 351 Panchayat Samitis
and 27,906 Gram Panchayats. The urban areas are governed through 23 Municipal
Corporations, 221 Municipal Councils, 5 Nagar Panchayats and 7 Cantonment Boards.
The gross state domestic product (GSDP) at current prices for 2010-11 is
estimated at 10,68,327 crore and contributes about 14.9 per cent of the GDP. The
GSDP has been growing at a rapid pace over the last few years. Presently industrial and
services sector both together contribute about 87 per cent of the State’s domestic
product. The agriculture & allied activities sector contributes 13 per cent to the State’s
income.3
Statement of the Problem:
The total population of Maharashtra, as per the 2001 Census, is 96,878,627. Of
this, 9,881,656 (10.2 per cent) are Scheduled Castes (SCs). The SC population
constitutes 5.9 per cent of the country’s SC population. The growth rate of SC
population in the decade 1991-2001 at 12.8 per cent has been considerably lower if
compared to the overall growth rate of 22.7 per cent of the state population. SC Female
population is 2,465,263 and rural female population 1,383,915 and urban population
1,081,348 in Maharashtra. As per Population Census 2011, Maharashtra is the second
largest State in India in terms of population. The total population of the State is 11.24
crore, of which, female population is 48.0 per cent. The percentage of urban population
is 45.2. The decadal growth of the population is about 16 per cent. Per Capita State

3
Economic Survey of Maharashtra, 2011-12, p.1.

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Income (i.e. Per Capita NSDP) at current prices is estimated at 87,686 as compared to
percapita National Income of 53,331 in 2010-11.4
In Maharashtra, since the middle of 1992s these SHGs are recognized as SHGs
by NABARD, as far as SHG Bank linkage and credit facilities are concerned. Therefore in
this study, SHG would stand for SHGs of NGOs. Since 1992, a strategy and at the same
time as a programme - both in rural as well as in urban areas. The present study was
aimed at making a study of the enabling processes and efforts by the DRDA, MAVIM,
Commercial banks and NGOs towards social, economic and political empowerment of
poor women since last 20 years in Maharshtra. Total number of SHGs is 827047 in
Maharashtra and total amount saving is Rs.72361.75 crore in the year 2011-12.5 The
260360 female SHGs established are under the DRDA and MAVIM in the year 2011. 6
The SC female SHGs are included in this year 2011. The SC women SHGs are started
business in primary sector, secondary sector and tertiary sector.
Considering the above profile, it becomes evident that maximum people in
Maharashtra face economic, natural calamities (floods, high drought prone, reducing
employment). In case of women who are already subordinated in patriarchal society,
the life is more labourious, morally strict and more dependent. On the other hand the
picture is seen in the Maharashtra state that women SHGs have been formed on a big
scale and through them women are striving to fight against difficulties in their life.
Thinking this background, it was decided to undertaken this specific study
concentrating on the work of SHGs of SC women in Maharashtra state.
Overview of literature:
Ramanathan A. (2008): The article revealed that is ‘financial Inclusion in India
through SHGs Bank linkage programme and other finance initiatives of NABARD’.
Financial inclusion is delivery of banking services at an affordable cost banking services
at an affordable cost ('no frills' accounts) to the vast sections of disadvantaged and low
income group. Unrestrained access to public goods and services is the sine qua none of

4
Ibid, 24.
5
Status of Microfinance in India, 2011-12. p.37
6
All Districts of Socio-Economic Review Reports- 2011.

5
an open and efficient society. As banking services are in the nature of public good, it is
essential that availability of banking and payment services to the entire population
without discrimination is the prime objective of the public policy. Banking industry has
shown tremendous growth in volume and complexity during the last few decades.
Significant improvements in all the areas relating to financial viability, profitability and
competitiveness but vast segment of the vast segment of the population, especially the
population, especially the underprivileged sections of the society underprivileged
sections of the society still out of banks still out of banks’ fold. NABARD has designed,
developed and facilitating SHG- Bank Linkage Program in India since in India since 1992
with various partner agencies like Banks, NGOs, 1992 with various partner agencies like
Banks, NGOs, Government Agencies/ Departments, etc. Bank Linkage Program and
other Bank Linkage Program and other microfinance initiatives by NABARD has
contributed microfinance initiatives by NABARD has contributed much towards financial
inclusion process in India.
Shetty N.k.(2008): The Microfinance promise in financial inclusion and welfare of the
poor : Evidance from Karnataka, India this working paper shows that examines the
promise of microfinance in the inclusion of poor, who have been left outside the gamut
of formal financial markets for a long period of time. The study also examines the
impact of microfinance-plus services on the household economy of the members. This
paper uses primary data on household participants of microfinance programme in the
state of Karnataka. They find that a majority of the sample households in the pre-
microfinance programme were vulnerable to both access the financial and non-financial
services. In the post-microfinance intervention, a large number of the member
households are able to access the microfinance-plus services and it has enhanced the
income, employment, assets, household expenditure, housing condition and
empowerment of the poor. Policy recommendation includes delivery of microfinance-
plus services to the marginalized and vulnerable poor at a minimum cost will have wider
impact on the socioeconomic well-being of the poor.
Badajena & Gundimeda (2011): In this paper on ‘SHGs and Financial Inclusion in
India.’ The present paper shows that to study the impact of self-help group bank

6
linkage programme in achieving financial inclusion across sixteen states for the period
2008. The multiple regression analysis method exhibited a positive and significant
impact of Self Help Group bank linkage programme on financial inclusion in terms of
credit deepening. The empirical analysis also revealed a positive impact of economic
development and financial literacy on financial inclusion whereas branch density
(population per branch) exhibited an inverse relationship with financial inclusion. They
are used Self Help group linkage model is one of the successfully operated models of
Microfinance in India. Under this model, the SHGs are financed by bank without any
collateral, peer group pressure is considered as collateral by the lenders. Self Help
Group bank Linkage Model also helps to reduce transaction costs facilitates proper
monitoring of funds by group members, economic empowerment of SHG members by
collective decision making etc. In spite of the increased spread of formal banking
network in the recent past, access to basic financial services are still beyond the reach
of large sections of society. SHG bank linkage model exhibits the potential to provide an
alternative mechanism to extend financial services to large unbanked sections of the
society.
Swamy V & Vijayalakshami(2011): The study of ‘Role of Financial Inclusion for
Inclusive Growth in India- Issues & Challenges’ shows that importance of financial
inclusion arises from the problem of financial exclusion of nearly 3 billion people from
the formal financial services across the world. With only 34% of population engaged in
formal banking, India has, 135 million financially excluded households, the second
highest number after China. Further, the real rate of financial inclusion in India is also
very low and about 40% of the bank account holders use their accounts not even once
a month. Financial Inclusion has far reaching consequences, which can help many
people come out of abject poverty conditions. Financial inclusion provides formal
identity, access to payments system & deposit insurance. The objective of financial
inclusion is to extend the scope of activities of the organized financial system to include
within its ambit people with low incomes. Through graduated credit, the attempt must
be to lift the poor from one level to another so that they come out of poverty. There is

7
a need for coordinated action between the banks, the Government and others to
facilitate access to bank accounts amongst the financially excluded.
Bhosale Sunil(2012): His article ‘Financial inclusion and Self Help Groups’ is shows
that the outcomes of the analysis advise that SHGs have been performing improved not
only as suppliers of financial services in conditions of increasing savings and make sure
loan recovery, but also in conditions of awareness creation. The study found that the
average amount of income per member was Rs. 877. The monthly income is increased
averagely 150.51 % (Rs.2197). SHGs members according to loan amount taken by the
members for the purpose of business from concerned SHGs. The average loan amount
taken by members from their SHG is Rs.1250. Maximum 33 members are found to have
loan up to Rs.2000. It is observed that internal loanable amount changes SHG to SHG
depending on the age the group and amount of the saving. The external loan amount
given to 199 SHG members and 301 members have not taken external loan. The
members have got minimum loan up to Rs. 5000 and maximum or Rs.30000. SHG
members are mainly borrowed from own capital of SHGs. SHGs member are fully
utilizing loan for the occupational and individual needs. It suggests that SHGs can play
significant role in achieving the financial inclusion especially for women and low-income
families.
Giovanna P.R. at al (2011): ‘Financial Inclusion Indicators-Peruvian case’ in this
paper they have examined how a set of financial inclusion indicators has provided the
SBS in Peru with effective information about the access and use of financial services by
the population. These indicators also provide a first explanation of the evolution of
financial access in Peru over the last decade, and what policy approaches it could
suggest going forward to increase both access and use of financial products and
services. This data, aggregated over time, will help financial institutions, policymakers
and researchers alike to understand the problem of access to financial products and
services, propose adequate measures to enhance financial inclusion and evaluate their
impact, both in the short and in the long term. The Peruvian case also shows how basic
financial inclusion indicators can be cross-reference to monitor any correlations

8
(although not causation) between financial access and changes in other socio-economic
indicators that contribute to a country‘s economic development.
Anita Gardeva & Elisabeth Rhyne(2011): Opportunities and Obstacles to financial
Inclusion this survey report show that an important facet of the survey is how it reveals
differences of view among respondents in different industry segments and countries.
Three main industry groups answered the survey regulated and non-regulated financial
services providers (26 percent), investors (16 percent), and support organizations (40
percent, including networks, consultants, technical assistance providers, etc.). The
remaining 18 percent include donors, academics, regulators, and others, with an
insufficient number of responses in any one group to treat separately. Regionally, the
largest group was from the global North (Western Europe, the United States and
Canada), 43 percent of all respondents. The remaining 57 percent of respondents were
widely dispersed among Latin America (23 percent), South and East Asia (14 percent),
Africa (12 percent) and a few each from the Middle East, Eastern Europe, and Central
Asia. It is important to note that the voices of support organizations and of people from
the most-developed countries substantially influence the overall rankings. However,
while there are some distinctive preoccupations by group and region, there are also
many strong areas of agreement across the entire industry.
Aim of the project:
The success of SHGs in delivering need-based thrift to the rural and urban poor
is a significant development. The savings and credit programmes, introducing and
extending by SHPIs in several parts of India, have the potential to minimize the
problems of insufficient access to credit for the poor. At present, there is a growing
awareness between RBI and NABARD that SHGs should form an important part of their
development strategies. Financial inclusion activities of SHGs have the potential to
spread all over India. There is therefore, a need to understand policies and procedures
following by various SHGs. Further, the study of the functioning of SHGs becomes
significant given the need for improvement of existing systems with their business.
Moreover, savings and credit activities should sustainable in the long run for their
business. In order to make savings and credit sustainable, there is need to discuss the

9
approach, system and experience of SHPIs concerned in these activities and learns from
their experience.
The present study is undertaking to assess the contributions of SHGs SC women
business. The study is confining to Maharashtra state only covering 6 out of 32 districts.
As much as the survey is concerned, the information of SHGs in Maharashtra was
collecting through DRDA office in Zilla Parishad and Mahila Aarthik Vikas Mahamandal
(MAVIM).
Limitation of the study:
The present study is limited to Maharashtra state. There were 827047 women
SHGs in Maharashtra state in 2011-12. However, within the time and money constraints
of this work, a sample the ratio of the sample size of the whole population of SHGs in
Maharashtra state for this study work come to 500 out of 260360 SHGs. Which SC
women’s are working their business in primary sector, secondary sector and tertiary
sector with above second gradation completed. As the nature of the conducted study is
mixed i.e. it includes SHGs having different geographical background like hilly or
drought prone area, rural or urban area, or some Scheduled Caste (SC) SHGs. It
becomes essential that observation of the study should be considered against this
background. Hence it would be difficult to draw precise generalizations regarding the
implications of the study. The findings of this study, interpretations and conclusions
drawn will be best seen within these limitations.
Objective of the study:
Following are the objectives of the present study.
i) To study the socio-economic background of SC women.
ii) To study the impact of SHGs on SC women for financial inclusion.
iii) To study credit facilities provided by SHGs to women members.
iv) To study the DRDA and MAVIM are helping to the SHGs SC women for
financial inclusion.
v) To study the impact of SHG credit facilities on women members.
vi) To study the impact of SHGs on women participants.

10
Hypothesis:
The overall hypothesis of the study is as under-
1) SHGs are effective tool of financial inclusion for scheduled caste women.
2) Scheduled caste women are increasing their socio-economic inclusion through
SHGs.
3) SC women of SHGs are increasing financial literacy.
The Research methodology:
This study is conducted with the use of following methodology.
Sample:
a. A sample survey of SC women’s SHGs in Maharashtra state is conducted, which
have an existence of at least two year and above in the year 2013-14.
b. The size of sample is 500 of SC women’s SHGs population Maharashtra state.
c. District wise stratification (arrangement of layers) is adopted and Thane,
Nandurbar, Pune, Aurangabad, Yavatmal and Chandrapur these six districts are
selected for detail study.
d. Sample element is identified on the basis of selective sample of which SHGs of
SC women are completed second gradation with at the present business are
going on.
Study area:
Thane, Nandurbar , Pune, Aurangabad, Yavatmal and Chandrapur districts of
Maharashtra state.
Study Period:
The five years period is cover from 2006-07 to 2012-13.
Indicators of Financial Inclusion:
Quantitative Indicators
I) Access: 1)Number of branches per 10000 pop 2) Number of ATMs per 10000
pop.
II) Use : 1) Number of depositors per 1000 pop, 2) Number of borrowers per
1000 pop, 3) Average size of total deposits per depositor to GDP per capita, 4)

11
 Average size of total loans per borrower to GDP per capita, 5)Population not
covered by financial services
III) Geographical Inequality Distribution: 1) Total loans in provinces to total
deposits in provinces, 2) Borrowers by region, 3) Number and geographic
distribution of branches and agents, major banks, 4) Distribution of agents and
socioeconomic needs
IV) Other: 1) Financial services through non-regulated Micro Finance Institutions
Qualitative Indicators
I) Perception of the Financial System in rural areas
1) Interwiews in Pucallpa (Selva Region), 2) There is only one banking branch in
this region, 3) Priority topics: basic knowledge of the financial system (financial
literacy), 4) basic knowledge of the financial products and services; and use of
ebanking,
II) Principal outlines: 1) 100% recognize the name of the Superintendency, but
none identifies the its role, 2) None knows the products and services offered by the
bank, they only go to a specific use (to cash his paycheck or receive a wire
transfer), 3) None knows how to make a complaint, 4) None uses the e-banking
Development of new indicators:
1) Gini indexes of deposits, loans and branches related to population.
2) Qualitative and quantitative indicators from a baseline survey on financial literacy
and financial access and use of financial products and services.
Implementation of policies for increasing financial inclusion:
Urban: Financial education actions focused on low-end socioeconomic status.
Rural: Creation of optimal access conditions through regulation aimed to new rural
users.
Data Collection and Data Analysis:
Primary Data:
By visiting personally SHG members, spread in six districts of Maharashtra the
survey is carry on. By administering a schedule of questionnaire and conducting
personal interviews primary data will be collect.

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 I) Questionnaire:
Data collecting from SHGs members, a complete and detailed questionnaire is
preparing. A pilot study is conducting for pre testing its validity. The method of enquiry
was amended suitably and the required information was collected with the help of the
pre-tested questionnaire. The data will be collect during the period from 2013-14.
II) Discussions and interviews:
During the survey, not only formal but informal discussions will also holding with
SHGs members, their family members, SHGs facilitators, social workers, employee of
NGOs, DRDA, MAVIM, government officials, NABARD regional officer and bank officers
of district lead banks. These unstructured interviews proved helpful in collecting
information which will rather than difficult to collect through the questionnaire.
Secondary data:
Secondary data will be collected from government office reports and records.
Data analysis:
The collected primary data will classify and analyse carefully with the help of
SPSS 20.0 version package Econometrics software and Windows Excel on computer for
arriving at various statistical inferences. For this purpose, sample statistical technique
like percentage as well as were used keeping in view the objective of the study, to draw
necessary observations and conclusions. For the sake of having ease in comprehension,
graphs and charts preparing with the help of computer were used.
Chapter Scheme:
Following is the chapter scheme of the work.
Chapter-1 : Historical Background of SHGs
Chapter- 2: Research Methodology & Profile of Maharashtra State
Chapter- 4: Financial inclusion in India
Chapter- 5: Performance of Self Help Groups under Bank Linkage Programme
Chapter-6 : Socio-economic Impact of Self Help Groups on SC Women Members
Chapter-7 : Findings, Conclusion and Suggestions

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Reference:

1. Report of the Committee on Financial Inclusion, 2008, NABARD. P. 1-2

2. Ibid, P.8.
3. Economic Survey of Maharashtra, 2011-12, p.1.
4. Ibid, P.8.
5. Status of Microfinance in India, 2011-12. p.37.
6. All Districts of Socio-Economic Review Reports- 2011.
7. Ramanathan A(2008): Financial Inclusion in India through SHGs Bank linkage
programme and other finance initiatives of NABARD’Chief General Manager Micro
Finance Innovations Department NABARD Mumbai
8. Badajena S.M. & Gundimeda H.(2011): Self Help Group Bank linkage model and
financial inclusion in India( Draft work in progress), IIT, Bombay.
9. Swamy V & Vijayalakshami (2011): Role of Financial Inclusion for Inclusive
Growth in India- Issues & Challenges (http://skoch.in/fir/Role%20of%20Financial
%20Inclusion%20for%20 Inclusive%20Growth%20in%20India.pdf
10. Bhosale S.B.(2012): ‘Financial Inclusion and Self Help Groups’, international
conference on Financial Inclusion and Multi Percpective’ ITM, Navi Mumabi.
11. Giovanna P.R. at al (2011) : ‘Financial Inclusion Indicators-Peruvian case’,
Insurance Companies and Private Pension Funds of Peru‘s Office of Products and
Services, Peru, (gpriale@sbs.gob.pe).
12. Anita Gardeva & Elisabeth Rhyne(2011): Opportunities and Obstacles to financial
Inclusion, Centre for Financial Inclusion, publication12, at ACCION,
www.centerforfinancialinclusion.org
13. Shetty N.K.(2008): The Microfinance promise in financial inclusion and welfare of
the poor : Evidance from Karnataka, India, working paper 205, ISEC, Banglore

14
 Annexure I

COST ESTIMATION

The cost of the project is to be estimated in terms of total man-months and the
facilities needed. Calculate it under the following headings :

(i) Personnel Requirement in the format given below (the approved emoluments for
project staff are given at the end) :

Position No. of Emoluments Duration Amount

Persons Required
Research Associate
1 12 1,92,000=00
(Rs.16,000=00p.m. fixed)
Research Assistant
1 12 1,56,000=00
(Rs.13,000=00p.m.fixed)
Part-time assistance /Hiring
5 01 40,000=00
charges (Rs.8000=00p.m. fixed)
Typing Assistant /Computer operator
1 05 50,000=00
(Lump sum)
(ii) Travel 2,25,000=00
(iii) Data Processing 20,000=00
(iv) Stationery and printing 25,000=00
(v) Books, Journals, etc. Books, Journals, etc. (Expenditure not to exceed 5 per
30,000=00
cent of the total budget) :
(vi) Contingency expenses including postage(Expenditure not to exceed 5 per
30,000=00
cent of the total budget):
(vii) Equipment’s*= 2 Desktop Computer, 1 Printer, 1 Digital Camera 1,00,000=00
Total (Total of i +ii+iii+vi+v+ vii) 8,68,000=00
(viii) Institutional overhead charges (7.5% of the Budget) 65,100=00
(ix) Grand Total 9,33,100=00
*Computer / Laptop / Camera / Printer /tape recorder / etc.

While preparing budget estimates for the research proposal, the Project Director should take into
account the time, funds as well as various steps involved in the conduct of the research proposal. The
rationale for the allocation of time and money for the various items of budget estimates must be
furnished.

15
 Annexure III
Format for Preparing Bio - Data by Scholars to Apply for a Research Project

(Affix Attested Photograph)

(I) Name in Full : Dr. Bhosale Sunil Bhau

(ii) a. Address (Permanent) : A/p. Pawarwadi, Taluka-Phaltan, District-Satara,
Pin-415523
b. Address (Correspondence) : A-6, Gokhale Institute Staff Quarters, 832 B,
Shivajinagar, Pune-411004
(III) Phone (Office): 020-25650287, 25654288/88
Res. 09226823427
(IV) E-mail (It is Mandatory) : sunilbhosale200146@gmail.com
(V) Fax :020-25652579
(VI) Date of Birth : 01-May-1981
(VII) Sex : Male
(VIII) Nationality : Indian
(IX) Whether: SC
(X) Whether Belongs To Northeast Region(NER)
(XI) Academic Qualifications (Please give in chronological order beginning from high
school):
N Course Subject(s) Class/Grade University/Board Year of
o Degree Passing
1 SSC All Subject Pass Class Kolhapur Board 1996
2 HSC Mar, Eng, Hin, Second Kolhapur Board 1998
His, Eco,Co-op Class
3 B.A. Economics Second Class Shivaji University, Kolhapur 2001
4 M.A. Economics Second Class Shivaji University, Kolhapur 2003
4 P.G. Diploma Foreign Trade First Class Shivaji University, Kolhapur 2008
5 Ph.D. Economics - Shivaji University, Kolhapur Dec-2009
6 M.B.A. Finance & HR Appearing Shivaji University, Kolhapur 2008
(XII)Employed: Yes
(If 'Yes', please furnish information in chronological order in the a following format):
Position Held Institution From To Salary Drawn
Position held Institution From To Salary drawn
Ph.D. Rajiv Gandhi Dept. of Economics, Shivaji 01-01-2006 31-05- Rs. 14000= 00
National Fellowship University, Kolhapur 2009
New Delhi
Research Associate Gokhale Institute of 01-06-2009 Up to date Rs.12000=00 p.m. +

16
 Politics & Economics, Pune HRA
(XIII) Publications in the last five years (Please indicate title, publisher and year of
publication):
a) Books:
(i) Edited : Articles
1) “Global Economic Crises and India” , in book edited by Dr.Atamaram Palnitkar, Dr. Kunal Badade
and Brijmohan Dayma, Global Economic Crisis and India’s Economic Stability” state conference of
the Dayanand College of commerce, Latur, April-23-24 2010, pp.328-330.

2) “Women’s Socio-Economic Inclusion through Microfinance”, ‘Issues on Ethnicity Discrimination

and Social Inclusion, Book edited by Prof. S.N. Tripathy, Abhijeet Publications New Delhi (2010),
pp.41-61.

3) “Self Help Groups and Women Empowerment” ‘Emergence of India as Global Economic
Superpower: Fiction or Future?’ Book Edited by Dr.Shakil Ahmed Poona College of Arts, Science &
Commerce, Pune, 2011(ISBN:978-81-920045-5-6).

4) “A Case Study of Microfinance in Kolhapur District” Paper presented in One day International
Conference on ‘Recent Trends in Business, Management and IT’, Edited by Dr.Sanjay Kaptan, Dr.
Shaikh A.A., Prof. Rakesh Mittal, Poona College of Arts, Science & Commerce, Pune pp.644 to
658.
b) Research Papers in peer-reviewed journals only (Give title, journal, year)
1) “Economic And Social Inclusion through Self Help Groups” published by Shivaji University
(Humanities and Social Science), Kolhapur, Maharashtra India, (ISSN:0368-4199) vol.43, NO. 1 of
2008, pp. 73-76, by Sunil Bhosale & V.B. Kakade.

2) “Inflow Deposit Management of Kolhapur District Central Cooperative Bank”, published by Southern
Economist (ISSN:0038-4046) Banglore, 1st October,2010,Vol-49,no.11, pp.47-51, by Sunil Bhosale
& D.P.Gavade.

3) “The Need for effective Management of public Distribution system in India”, published by
Ashwattha, YASHADA, Pune, (ISSN: 0976-3740) July-Sept, 2011, vol-5 no.3, pp.15-20.

4) “Self Help Groups and Women Empowerment: A Case Study of Kolhapur District", International
Journal of Research (ISSN:2231-6124) Rizvi Education Society’s, Rizvi College of Arts, Science &
Commerce, Mumbai.

5) “Industrial Relation and Industrial Disputes in India” International Journal of Business, Management
& Social Sciences (ISSN 2249 – 7463), edited by Choice Institute of Management Studies &
Research, Pune. (Accepted for Publication) 20th December, 2011.

(XIV) Details of the Projects:

a. Completed: No
b. Currently being Conducted: 01
Female Domestic Workers and Socio-Economic Inclusion, Funded by ICSSR, New Delhi
c. Whether any proposal submitted for a Project to other agencies for consideration: No

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(XV) Please indicate the name and address of the institution where the scholar wants to
affiliate this project and the reasons thereof:
Gokhale Institute of Politics & Economics
(Deemed To be University Under section 3 of the UGC Act, 1956)
Deccan Gymkhana, BMC College Road, Shivajinagar, Pune-411004, Maharashtra, India.
Fax No.: 020-25652579, Phone: 020-25650287, 25654288/89(extn.234), Email: gipe@vsnl.com

(XVI) Any other relevant information in support of the proposal:

Details of the Projects Assisted by me:
I have assisted data feeding and processing the help of SPSS software in following the various Major/Minor
projects of the institutes.
1) Mid day meal school in Maharashtra State (2010) by Prof. S.N. Tripathy.
2) ‘Evaluation study of ongoing Schemes of NBCFDC in the State of Gujarat’(Mach-2011) by Prof.S.N.Tripathy
3) (i)‘The Quality of Life of Sugarcane Cutter Migrants’(Dec-2011)(ii)‘Cultural Capital Exclusion &
Marginlised’(2010) by Dr.Prashant Bansode.
4) ‘Financing in Financial Inclusion’(October-2010) by Dr.Lalitagauri Kulakarni
5) NBCFDC project, (2011-12) by Dr. Prashant Bansode

Sd/
Date : 06-03-2013 Signature of the Applicant
(Dr.Bhosale Sunil Bhau)
(N.B. Please fill-in all columns with clear responses to facilitate quick processing of the proposal.)

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 Annexure IV

Format of Letter from Affiliating Institute

To,
The Director,
Research Projects Division
Indian Council of Social Science Research (ICSSR)
JNU Institutional Area, Aruna Asaf Ali Marg,
New Delhi - 110067
Tel.No.26179849/50/51, (EPABX)Fax:91-11-26179836
E-mail: icssr@ren.nic.in

Project Proposed by: DR. BHOSALE SUNIL BHAU

Subject: Proposal for Financial Support to ICSSR.

I forward the proposal for financial support to the ICSSR.

The institution agrees to:

- Administer and manage the finances;
- Provide accommodation and furniture required for the project;
-Make available all its research facilities such as library, laboratory and other equipment; and
- Provide the material and managerial assistance for the project.

For this purpose, it is understood that our Institute / University will receive 7.5% of the total
sanctioned amount of the project.

If the scholar, directing the project leaves our institution to join some other institution after part
of the sanctioned grant has been received, we would have no objection to the transfer of the
project to a new institution, if the Project Director/ICSSR, so desires. The institution, however,
shall continue to be responsible for submitting the audited statement of accounts and utilization
certificate for the grant received by it, for this purpose.

Date : Signature

OFFICIATING DIRECTOR
GOKHALE INSTITUTE OF POLITICS &
ECONOMICS, PUNE

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 ANNEXURE-VI

INDIAN COUNCIL OF SOCIAL SCIENCE RESEARCH

FORMAT FOR SHORT SUMMARY

Title of the Study : Financial Inclusion of Scheduled Caste Women:
A Case Study of the SHGs in Maharashtra
Name & Address : DR. BHOSALE SUNIL BHAU
of the Scholar Centre for Study of Social Exclusion & Inclusive Policy,
Gokhale Institute of Politics and Economics,
Deccan Gymkhana, BMCC Road,
Shivajinagar, Pune-411004

Institution of Affiliation: Research Associate, (From 1st May, 2009)

(Full Address) Centre for Study of Social Exclusion & Inclusive Policy,
Gokhale Institute of Politics and Economics
Deccan Gymkhana, BMCC Road,
Shivajinagar, Pune-411004
Phone no: 20-25650287, 25654288/89, 25675008
Email: gipe@vsnl.com

Duration of the Study : 12 Months

Budget Proposed by the Scholar : Rs. 9,33,100=00

Specific objectives of the study:

Following are the objectives of the present study.
1) To study the socio-economic background of SC women.
2) To study the impact of SHGs on SC women for financial inclusion.
3) To study credit facilities provided by SHGs to women members.
4) To study the DRDA and MAVIM are helping to the SHGs SC women for financial
inclusion.
5) To study the impact of SHG credit facilities on women members.
6) To study the impact of SHGs on women participants.

Central idea of the problem:

The success of SHGs in delivering need-based thrift to the rural and urban poor
is a significant development. The savings and credit programmes, introducing and
extending by SHPIs in several parts of India, have the potential to minimize the
problems of insufficient access to credit for the poor. At present, there is a growing
awareness between RBI and NABARD that SHGs should form an important part of their
development strategies. Financial inclusion activities of SHGs have the potential to
spread all over India. There is therefore, a need to understand policies and procedures

20
following by various SHGs. Further, the study of the functioning of SHGs becomes
significant given the need for improvement of existing systems with their business.
Moreover, savings and credit activities should sustainable in the long run for their
business. In order to make savings and credit sustainable, there is need to discuss the
approach, system and experience of SHPIs concerned in these activities and learns
from their experience.
The present study is undertaking to assess the contributions of SHGs SC
women business. The study is confining to Maharashtra state only covering 6 out of 32
districts. As much as the survey is concerned, the information of SHGs in Maharashtra
was collecting through DRDA office in Zilla Parishad and Mahila Aarthik Vikas
Mahamandal (MAVIM).

Hypothesis :
The present study supplied:
1) SHGs are effective tool of financial inclusion for scheduled caste women.
2) Scheduled caste women are increasing their socio-economic inclusion through
SHGs.
3) SC women of SHGs are increasing financial literacy.
Importance of Research:
1. The present study is important emerging for the process of SHGs financial
activities for the SC women.
2. DRDA and MAVIM are very good helping to the SHGs of SC women.
3. The SC women are neglected factor of the society and there is need research
because they are financially included or not.
4. The ratio of illiterate women is high. That’s why they are not getting proper
information and knowledge of government policies and facilities.
5. SHGs are vital role in financial inclusion for SC women.
6. The 97041 SHGs women are stated their business in primary sector, secondary
sector and tertiary sector in Maharashtra. So, SC women are included in three
sector their own business.
7. SC women are learning financial activities, decision making, product marketing
etc. In this regard which problems are facing SC women presently and which
type of help they have need.
Methodology in brief:

Data collection:
The necessary primary data will be collected through the well-structured
questionnaires. The related primary data will use the interview of experts, women
SHGs, NGOs and officers. The secondary data will be collected through the government
reports, organizational reports, others document and published as well as unpublished
research reports etc.
Sample size:
The size of sample will be 500 SC SHGs in the six district of Maharashtra. Thane,
Nandurbar, Pune, Aurangabad, Yavatmal and Chandrapur districts select sample for
the detail study. Sample will be identifying on the basis of purposive sampling.

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Indicators of Financial Inclusion:
Quantitative Indicators
I) Access, II) Use, III) Geographical Inequality Distribution, IV) Financial services
through non-regulated Micro Finance Institutions
Qualitative Indicators
I) Perception of the Financial System in rural areas
II) Principal outlines
Implementation of policies for increasing financial inclusion:
Urban: Financial education actions focused on low-end socioeconomic status.
Rural: Creation of optimal access conditions through regulation aimed to new
rural users.
Data processing:
The collected primary data will be processed through the appropriate statistical
tools SPSS 20.0 package and techniques like percentage, mean, median, mean
deviation, standard deviation, average, correlation, regression etc. The graphs will
be used in the study.

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