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BACHELOR OF COMMERCE BANKING AND INSURANCE SEMESTER ± V SUBMITTED
IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF BACHELOR OF COMMERCE ± BANKING AND INSURANCE. BY NAME: YOGESH VILAS KHOPKAR ROLL NO: 15
K.J.SOMAIYA COLLEGE OF ARTS & COMMERCE, VIDYAVIHAR (E). MUMBAI: 400077
K.J.SOMAIYA COLLEGEOFARTS & COMMERCE VIDYAVIHAR (E). MUMBAI-
I, YOGESH V.KHOPKAR B.COM BANKING AND INSURANCE (SEMESTER ±V), ROLL NO. 15 HERE BY DECLARE THAT I HAVE COMPLETED THE PROJECT ON ³SELF HELP GROUP BANKING IN INDIA´ THE ACADEMIC YEAR 2009-10.
THE INFORMATION SUBMITTED IS TRUE AND ORIGINAL TO THE BEST OF MY KNOWLEDGE.
SIGNATURE OF THE STUDENT
CERTIFICATE K.J.SOMAIYA COLLEGE OF ARTS & COMMERCE, VIDYAVIHAR (E). MUMBAI-
YOGESH V. KHOPKAR OF B.COM BANKING AND INSURANCE SEMESTER ± V (2009-2010) HAS SUCESSFULLY COMPLETED THE PROJECT ON ³SELF HELP GROUP OF BANKING IN INDIA´ UNDER THE GUIDANCE OF
COURSE CO-ORDINATOR PROF.
PRINCIPAL (DR.SUDHA VYAS)
Words fall short to express my deep sense of gratitude towards them all, who have imparted their valuable time, energy and intellect towards the beautification of my project.
I have no words to thank my guide me valuable guidance though out the study.
who has given
I express my sincere gratitude to our principal Dr. SUDHA VYAS for their continuous support and encouragement.
I extent my sincere gratitude to Mrs. my guide for guiding me throughout the project and helping me whenever required.
I also thank my College Library for providing me with necessary books and magazines.
Last but not the least; I also thank my friends for their contribution towards the project.
My project has been prepared by collection the sources from secondary data. Data is collected by referring some books written by well versed authors, Magazines, journals, specified websites which are relevant to my topic.
PAGE NO. 1 5 6 4. 5. 6. 7. 8. 9. 10. 11. 12. 13
CHAPTER NO. 1. 2. 3.
TITLE INTRODUCTION - SHG SHG PATH WAYS OUT OF POVERTY IN INDIA HISTORICAL DEVELOPMENT PERSPECTIVE OF POVERTY ALLEVATION IN INDIA ORIGIN OF SHG LINKING BANKS & SHG EFFECTIVENESS OF SHG OF INDIAN CONTEXT SHG MODELS IMPACT OF SHG MOVEMENT IN INDIA CHARACTERISTIC OF SHG FUNCTION OF SHG EFFECTIVENESS OF SHG IN GLOBAL CONTEXT CASE STUDY CONCLUSION BIBLIOGRAPHY
8 10 15 18 25 28 29 34 38 44 47
There is a mounting hope that microfinance can be large scale poverty alleviation tool for decades India¶s poor have been left out of the reach of the bank loans. But out of necessity and enterprise, those locked out of the banking world have found a way out. It is called microcredit- the extension of small loans to individuals who are too poor to qualify for traditional bank, loans, as they have no assets to be offered as guarantee. In India, microcredit has largely worked only through self-help groups. Globally it is slowly proving one of the most effective strategies to remove poverty. Banks too are shedding their old reluctance to lend to the poor, and are looking to tap the expertise of microcredit groups to create a new market which has been emphatically projected on the current study.
³No, these women needed opportunity, not charity ± They want Chance, not bleeding hearts´ - Prof. Mohammed Yunns.
See the sort of innocence on their face but have the tremendous courage in their attitude. By saving the part of their little income they have contributed towards the economic development. Now, they are also able to prove their existence in the global context. SHG banking (self Help Group) enable these women to become self independent. But Howww«. And««What is SHG?
So, Lets Proceed to SHG BANKING
Self-help Groups (SHG)
SHG is group of rural poor who have volunteered to organize themselves into a group for eradication of poverty of the members. They agree to save regularly and convert their savings into a Common Fund known as the Group corps. The members of the group agree to use this common fund and such other funds that they may receive as a group through a common management. The group formation will keep in view the following broad guidelines:
Generally, a self-help group may consist of 10 to 20 persons. However, in difficult areas like deserts, hills and areas with scattered and sparse population and in case of minor irrigation and disabled persons, this number may be from 5-20. The difficult areas have to be identified by the State Level SGSY Committee and the above relaxation in membership will be permitted only in such areas.
Generally, all members of the group should belong to families below the poverty line. However, if necessary, a maximum of 20% and in exceptional cases , where essentially required, upto a maximum of 30% of the members in a group may be taken from families marginally above the poverty line living contiguously with BPL families and if they are acceptable to the BPL members of the group. This will help the families of occupational groups like agricultural laborers, marginal farmers and artisans marginally above the poverty line, or who may have been excluded from the BPL list to become members of the Self Help Group. However, the APL members will not be eligible for the subsidy under the scheme. The group shall consist of more than one member from the same family. A person should not be a member of more than one group. The BPL families must actively participate in the management and decision making, which should not ordinarily be entirely in the
hands of APL families. Further, APL members of the Self Help Group shall not become office bearers (Group Leader, Assistant Group Leader or Treasurer) of the Group. The group should devise a code of conduct (Group management norms) to bind itself. This should be in the form of regular meetings (weekly or fortnightly), functioning in a democratic manner, allowing free exchange of views., participation by the member in the decision making process. The group should be able to draw up an agenda for each meeting and take up discussion as per agenda. The members should build their corpus through regular savings. The group should be able to collect the minimum voluntary saving amount from all the members regularly in the group meetings. The savings so collected will be the group corpus fund. The group corpus fund should be used to advance loans to the members. The group should develop financial management norms covering the loan sanction procedure, repayment schedule and interest rates. The members in the group meetings should take all the loaning decisions through participatory decision making process. The group should be able to prioritize the loan applications. Fix repayment schedules, fix appropriate rate of interest for the loans advanced and closely monitor the repayment loan installments from the loanee. The group should operate a group account preferably in their service area bank branch, so as to deposit the balance amounts left with the groups after disturbing loans to its members.
The group should maintain simple basic records such as Minutes book, Attendance register, Loan ledger, General ledger, Cash book Bank passbook and individual passbooks. 50% of the groups formed in each block should be exclusively for the women. In the case of disabled persons, the groups formed should ideally be disability- specific whenever possible, however, in case sufficient number of people for formation of disabilityspecific groups are not available, a group may comprise of persons with diverse disabilities or a group may comprise of both disabled and non-disabled persons below the poverty line. The uniqueness of these groups lies in the fact that to a large extent they are selfsupporting self-governing organizations free from bureaucratization and politicization. The process empowers the poor and enables them to control direction own development by identifying their felt needs.
Chapter ± 2 SELF HELP GROUPS; PATH WAYS OUT OF POVERTIES IN INDIA
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