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A self-help group (commonly abbreviated SHG) is a financial intermediary committee usually composed of 12 to 25 local women between the ages of 18 and 50. Most self-help groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia.
SHG is primarily a saving oriented group in which borrowing power is determined based on its saving. However, JLG is a credit oriented group which is primarily formed to avail loan from banks or formal credit institutions.
The Self Help Group (SHG) movement in India represents an innovative approach to financial intermediation, and combines access to low-cost financial services with a process of self-management and development for the SHG members. SHG members make small regular savings contributions, and use the savings to lend to group members.
Self-help group may refer to: Support group , group in which members provide each other with various types of help for a particular shared characteristic Self-help group (finance) , village-based financial intermediary usually composed of between 10-15 local women
Pramila Bisoyi (née Swaini; born 15 September 1948 ) is an Indian politician who was the Member of Parliament in the Lok Sabha from Aska and hails from Chermaria village of Aska block in Ganjam district, Odisha. She has studied up to class 3. Bisoi has been a representative for Mission Shakti, the women's SHG movement of Odisha.
This is an exclusive scheme for Self Help Groups for meeting small loan requirement of ST member. Under the scheme, the Corporation provides loans up to ₹50,000/- per member and maximum ₹ 5 Lakh per Self Help Group (SHG).
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Currently, the SFMC provides funds for on-lending and capacity building support to 44 MFIs with over 1.3 million members. [5] The majority of MFIs operated under a self-help group model (SHG). 90 percent of its total members are concentrated in the southern states, with 78 percent of them operating within a rural environment and a 95 percent membership rate among women. [6]