3 Questions
What is the purpose of forming SHGs?
To build solidarity among poor women
How many members are typically in an SHG?
20-25
What is the 'SHG Bank Linkage' program?
A program to link SHGs to banks
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.
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.
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