Short note on self help groups..atleast 5 points
Dear student,
Self-Help Group (SHG) is a small voluntary association of people from the same socio-economic background. It is also called Mutual help or support group. It comprise very poor people who do not have access to formal financial institutions. In such a group the poorest would come together for emergency, disaster, social reasons, economic support to each other . It helps to enhance the confidence and capabilities of members. It create group feeling among members. It encourage habit of saving among members and facilitate the accumulation of their own capital resource base.
Regards
Self-Help Group (SHG) is a small voluntary association of people from the same socio-economic background. It is also called Mutual help or support group. It comprise very poor people who do not have access to formal financial institutions. In such a group the poorest would come together for emergency, disaster, social reasons, economic support to each other . It helps to enhance the confidence and capabilities of members. It create group feeling among members. It encourage habit of saving among members and facilitate the accumulation of their own capital resource base.
Regards