The Return on Investment of Self-Help Groups in India: Evidence from the JEEViKA Program in Bihar
This paper estimates the costs and Return on Investment of JEEViKA – a government-implemented rural livelihoods program that works with women’s self-help groups (SHGs) to promote financial inclusion, collective action, and livelihoods for rural women in Bihar, India. We estimate program costs using annual audit reports and combine the estimated costs with data from a randomized controlled trial that examined impacts on high-cost informal loans and consumption at two points – two years post, and seven years post program start.