Q. 215.0( 1 Vote )
The empowerment of women through Self Help Groups (SHGs) would not only benefit an individual women, but is beneficial for the family and community as a whole through enacting collective action for development.
(i) Self Help Groups collect all their savings.
(ii) A regular SHG has 15-20 members, usually belonging to one neighbourhood, who meet and save on regular basis.
(iii) Saving per member varies between Rs. 25 to Rs. 100 or more, depending on the capability of the people to save.
(iv) Members are allowed to take small loans from the group itself to meet their requirement.
(v) The group does charges interest on these loans but this is comparatively less than what the moneylender charges.
(vi) After a year or couple of years, if the group has been regular in savings, it would become eligible for availing loan from the bank.
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