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A
Self Help Group
is a socially and
economically homogenous
group of 12-20 poor
people voluntarily
coming together
to achieve common
goals. These groups
start with savings
and not with credit;
the group then use
its savings to give
loans to members
to meet their emergency
and other needs.
The interest rates
on the loans are
market driven. The
members decide on
savings per member,
maximum size of
loans, guarantee
mechanism in loan
sanction. They prioritize
loan applications
on the basis of
need. The groups
enjoy institutional
autonomy and necessary
flexibility to operate
their business.
Regular meetings
are conducted in
which savings are
collected, loans
are lent, recoveries
affected and group
decisions taken.
All the transactions
are recorded in
the books. The SHGs
offer an easy and
cost- effective
way of depositing
these small savings.
They open a savings
bank account with
a nearby bank branch
to deposit surplus
cash if any. |
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Empowerment
of rural women is
our priority. Based
on the literature
review the definition
of empowerment encompasses
a few elements such
as power, autonomy,
self-reliance, entitlement,
participation, awareness
generation and capacity
building. Group based
micro finance has
significant benefits
for women, contributing
not only to poverty
alleviation, but also
to women’s empowerment
through various interlinked
activities. |
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Empowerment
of rural women is
our priority. Based
on the literature
review the definition
of empowerment encompasses
a few elements such
as power, autonomy,
self-reliance, entitlement,
participation, awareness
generation and capacity
building. Group based
micro finance has
significant benefits
for women, contributing
not only to poverty
alleviation, but also
to women’s empowerment
through various interlinked
activities. |
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Secondly
women’s economic
empowerment is then
assumed to lead to
increased well being
for themselves and
their families. |
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Thirdly
this economic empowerment
is further seen as
enabling women to
renegotiate changes
in gender relations
leading to social
and political empowerment.
At all these levels,
group based programmes
are strengthening
women’s economic
and social networks.
This building of social
capital is then assumed
to further increase
the contribution of
savings and credit
provision to women’s
empowerment through
enhancing their ability
to increase income,
negotiate change in
the household and
engage in collective
social and political
activity. |
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|
At
all these levels,
group based programmes
are strengthening
women’s economic
and social networks.
This building of social
capital is then assumed
to further increase
the contribution of
savings and credit
provision to women’s
empowerment through
enhancing their ability
to increase income,
negotiate change in
the household and
engage in collective
social and political
activity. |
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