Money Purse Handbook
The self-help group (SHG) model in India is an important government initiative that enables access to finance for low-income households in rural areas. SHGs have been instrumental in improving the financial health of households while empowering women to participate actively in household financial decisions. Money Purse is a product developed by Anniyam Payment Solutions to resolve these issues SHG members face by digitizing various processes across the SHG value chain.
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.