. Developing and enhancing the decision making capacity of members. . Increasing general awareness on literacy among members.
. Equipping the poor with basic skills for understanding monetary transactions. . Maintaining books and registers to ensure proper accounts.
. Providing necessary training in the chosen field. . Submitting the accounts for annual audit by a qualified auditor.
. Deciding the loan amount to be sanctioned to the group members. Mode of linkage There are three distinct modes of credit to SHGs. Under the first mode, banks lend directly to the SHGs.
In the second mode, banks provide loans to the NGOs for onward lending to the SHGs and ultimately to micro entrepreneurs. Under the third mode, banks extend credit to the SHGs with the NGOs serving as facilitators. Out of these three methods, the last method of direct lending by bank with NGOs facilitation is widely practised. Commerce - - .
. PM Self Help Groups in India In December there were , , SHGs in India. The total number of members in SHGs during the same period stood at , , , at all India level. The five year plans of the government of India has given due recognition to the relevance of the Self-help group concept to implement developmental schemes at the grassroots level.
SHGs in Tamil Nadu In Tamil Nadu, Tamil Nadu Corporation for Development of Women Limited (TNCDW) was established in the year with the prime objective of socio economic development and empowerment of rural women. The Government of Tamil Nadu spearheaded the Self Help Group concept in the country by forming SHGs in Dharmapuri district with the assistance of International Fund for Agricultural Development (IFAD) in September . The success of the IFAD project paved way for the now popularly called “ Mahalir Thittam ” project, which was launched during - with the State Government funding and was progressively extended to all the districts. The SHG movement has now emerged as a powerful and vibrant movement illuminating the lives of many poor women in the state.
Total number of Self Help Groups in Tamil