Self-Help Groups and Micro-Credit Institutions

Micro-finance programmes envisage increasing out reach of small financial services through
Self Help Groups (SHGs) in general and women groups in particular. Since the SHG is a
small and informal group of 10 to 20 persons drawn from relatively homogeneous background,
the members who join the groups know what benefits they would attain from the group through
micro finance. Micro finance has to be utilized in such a way that it benefits the SHGs to
improve the quality of life of their members and if properly implemented would lead to the
increment in income by enhancing member's productivity and ensuring timely repayments
and adequate social monitoring. The SHGs need to firm up their financial and economic norms
meant for selection of appropriate beneficiary and subsequent disbursement of credit to the
needy. Hence, there is a need of implementation of schemes for women empowerment which
should reach them in proper manner, so that the women empowerment will fulfil their aims
and objects. Hope it will be helpful to the readers, researchers and academicians purposefully.