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SELF HELP GROUP (SHG)

SHG (Self-Help Group) is group of women who are not financial and economical sound. Mainly rural women group formed in this manner having 10, the ideal size of an SHG is 15 to 25 members. Advantage: In a bigger group, members cannot actively participate. In addition, legally it is required that an informal group should not be of more than 20 people. These groups need not to be registered. Due to poor condition of rural women, bank also helps them by providing loan to start their small-scale business with very low interest. The installments of loan will be paid by SHG itself.