An Analytical Study of the Poverty Alleviation Swarnajayanti Gram Swarozgar Yojana and its Beneficiaries

Today, most of Indian population lives below poverty line and is unable to fulfill its basic need of food, clothes and shelter. The process of economic development had made the rich richer while the poor have become poorer. At present Swarnajayanti Gram Swarozgar Yojana is a very important tool for combating unemployment and underemployment in the rural areas and for attacking rural mass poverty and raising the rural poor above the poverty line. The present study was conducted in Morar block of Gwalior district, Madhya Pradesh. The total sample for this study consisted of 300 beneficiaries. It may be stated that after the inclusion of respondents under SGSY programme they utilized the credit/loan in proper way for economic development and their annual income increased in significant way. Out of ten independent variables caste and family type were found to have non-significant relationship with annual income. The coefficient of multiple determinations (R2) indicated that only 83.03 percent of variation in the increase in annual income of the respondents could be explained by 10 independent variables. The highly significant ‘F’ value reported the confirmation to the validity of R2 (0.8303) worked out with the variables identified for the study. The path coefficient analysis revealed that education exhibited highest positive direct effect on the annual income increased of the respondents. Complicated process in getting credit and the benefits of programme are not reached to the needed people were the major constraints.Proper identification of beneficiaries should be made,all the information related to programme should be disseminated timely & properly and proper coordination were found major suggestion in the study.