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Volume : IV, Issue : VII, August - 2014 STUDY OF EVOLUTION OF THE SELF HELP GROUP (SHG) MOVEMENT IN INDIA RoshankumarM. Bhigania, None By : Laxmi Book Publication Abstract : Self-Help Groups are informal associations of people who choose to come together to
find ways to improve their living conditions. They help to build Social Capital among the poor,
especially women. The most important functions of a Self-Help Groups are:
(i)To encourage and motivate its members to save
(ii)To persuade them to make a collective plan for generation of additional income.
(iii)To act as a conduct for formal banking services to reach them.
Such groups work as a collective guarantee system for members who propose to
borrow from organized sources. Consequently, Self-Help Groups have emerged as the most
effective mechanism for delivery of micro-finance services to the poor. The range of financial
services may include products such as deposits, loans, money transfer and insurance. Keywords : Article : Cite This Article : RoshankumarM. Bhigania, None(2014). STUDY OF EVOLUTION OF THE SELF HELP GROUP (SHG) MOVEMENT IN INDIA. Indian Streams Research Journal, Vol. IV, Issue. VII, http://isrj.org/UploadedData/5155.pdf References :
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