Podcast
Questions and Answers
What is the purpose of forming SHGs?
What is the purpose of forming SHGs?
How many members are typically in an SHG?
How many members are typically in an SHG?
What is the 'SHG Bank Linkage' program?
What is the 'SHG Bank Linkage' program?
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.
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Description
Learn about the concept and advantages of Self-Help Groups (SHGs) in India, which provide a platform for poor women to build solidarity, address issues related to their lives, and achieve financial stability through community-based initiatives like the 'SHG Bank Linkage' program.