what is self help group
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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
Explanation:
- A self-help group is the small economical, autonomous group of 20 to 25 members of poor rural people who came together to earn and save some amount of money.
- Self-help group members mutually agree to contribute to the common fund and meet their emergency meeting.
- Self-help group members all come together to resolve the conflicts through mutual discussion and collective leadership.
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