How many members a typical self help group can have
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A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–20 local women or men. A mixed group is generally not preferred. Most self-help groups are located in India, though SHGs can be found in other countries, especially in South Asia and Southeast Asia.
Members also make small regular savings contributions over a few months until there is enough money in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of micro-credit.
Members also make small regular savings contributions over a few months until there is enough money in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of micro-credit.
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* self help group consisting of 15-20 members
* It is for poor mainly
* Members meet and save money regularly
* Group charges less rate of interest
* Loan is sanctioned in the name of group
* These make improvements in participation of women which makes them self reliant
* There are 2.2 million SHGs in India
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