The purpose of SHGs is to provide poor women with a platform for building solidarity, coming together to act on issues related to their own lives, and to become financially stable by pooling their resources.

What is the SHG Bank Linkage program?

The SHG Bank Linkage program is a program in India that allows SHGs to borrow money from banks.

What are the advantages of financing through SHGs?

The advantages of financing through SHGs include the reduction of bank transaction costs and the generation of an attractive volume of deposits.

Study Notes

SHGs are community-based groups with 10-25 members who pool their resources to become financially stable.
SHGs offer poor women a platform for building solidarity.
SHGs allow women to come together and act on issues related to their own lives, including health, nutrition, governance and gender justice.
Many SHGs in India have borrowed money from banks under the 'SHG Bank Linkage' program.
The advantages of financing through SHGs include the reduction of bank transaction costs and the generation of an attractive volume of deposits.

Test your knowledge about Self-Help Groups (SHGs) with this quiz. Learn about the functions, benefits, and impact of SHGs in empowering women and promoting financial stability.