Vol. 6, Issue 1, Part E (2024)

This study examines the impact of digital transformation on women's empowerment through Self-Help Groups (SHGs) in Bhagalpur, Bihar. SHGs have been pivotal in promoting financial inclusion and socio-economic development among rural women. The integration of digital technologies into microfinance services provided by SHGs has the potential to significantly enhance their effectiveness and reach. This research employs a mixed-methods approach, incorporating both quantitative surveys and qualitative interviews with SHG members. Findings indicate that digitalization has improved access to financial services, increased financial literacy, and enhanced transparency and efficiency in financial transactions. Women have leveraged digital tools to manage their finances better and embark on entrepreneurial ventures, thereby achieving greater economic independence. However, challenges such as the digital divide, limited digital literacy, and cybersecurity risks persist. The study recommends infrastructure development, continuous training, and robust cybersecurity measures to address these issues. Overall, digital transformation is a powerful catalyst for empowering women through SHGs, fostering inclusive and sustainable socio-economic growth in rural India.