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Meghalaya’s COVID Tracking System
Digitally empowering the state to detect, monitor, and curb the spread of COVID-19
Impact assessment study of HDFC Bank’s Sustainable Livelihood Initiative (SLI)
Research at a Glance
CDFI conducted this study to assess the impact of HDFC Bank’s Sustainable Livelihood Initiative (SLI), launched in 2008 to promote financial and social empowerment of women across India.
The initiative works through Self-Help Groups (SHGs) and Joint Liability Groups (JLGs), providing credit to women for income-generating activities and supporting them in achieving long-term economic resilience. As of June 2021, SLI had over 7,30,000 active SHGs and JLGs across 32 states.
7,30,258
MN+
groups active across 32 states under the SLI programme.
3
MN+
states covered in the study: Tamil Nadu, Maharashtra and Madhya Pradesh.
Empowering women through access to credit and community-led financial inclusion.
The study focused on understanding the financial and social impact of the SLI programme on women beneficiaries and their households. Key objectives included evaluating improvements in income, savings, financial literacy, self-employment, and women’s empowerment at both household and community levels.
A multi-stage stratified sampling approach was adopted at the branch, group, and household levels to identify treatment and control groups. Data were collected from programme and non-programme households to estimate the measurable impact of the initiative.
The analysis was conducted in two parts. The first used a quasi-experimental retrospective method (Propensity Score Matching and quantile regression) to measure the programme’s effect on income, savings, and outstanding borrowings. The second employed descriptive analysis to assess performance across the three states, evaluating outcomes such as livelihood diversification, asset ownership and debt reduction.
Who can benefit from this study?
Financial Institutions and Policymakers
Can use the findings to refine credit-linked livelihood programmes and enhance access to finance for women’s groups.
Development Agencies and Researchers
Can apply the insights to strengthen women-centric financial inclusion models and assess their long-term social and economic impact.
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