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Money Purse Handbook
With Anniyam’s digital platform MoneyPurse, community-based institutions like SHGs can easily digitize their operations and transactions. This can have a significant impact on their efficiency and accountability. This handbook examines the potential of such digital transformations for last-mile financial inclusion institutions like SHGs. It also explains how Anniyam has used Digital Public Infra to build a user-friendly and reliable system to facilitate this process.
1 min
Jul 12, 2023 by Disha Bhavnani and Pramiti Lonkar
The Self-Help Group (SHG) Model in India has been instrumental in improving the financial health of households. It also empowers women to participate actively in household financial decisions. However, most SHG members have limited digital and financial literacy. Therefore, they do not qualify for the parameters defined by the government for SHGs to avail of loans. MSC studied the SHG solution, Money Purse, developed by Anniyam Payment Solutions, to digitize the SHG value chain.
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