Question

Explain the objective of SHG's for the poor

Answer 1

1. To inculcate the savings and banking habits among members.

2. To secure them from financial, technical and moral strengths.

3. To enable availing of loan for productive purposes.

4. To gain economic prosperity through loan/credit.

5. To gain from collective wisdom in organising and managing their own finance and distributing the benefits among themselves.

6. To sensitize women of target area for the need of SHG and its relevance in their empowerment.

7. To create group feeling among women.

8. To enhance the confidence and capabilities of women.

9. To develop collective decision making among women.

10. To encourage habit of saving among women and facilitate the accumulation of their own capital resource base.

11. To motivate women taking up social responsibilities particularly related to women development.

12. It acts as the forum for members to provide space and support to each other.