Topic 17

SHG, Credit Cards, Home Loans, Personal Loans,

Consumer Loans & Types of collaterals and their

characteristics

ELF-HELP GROUPs
ELF-HELP GROUPs This programmed was launched in 1992 by NABARD. S.H.G. is a banking
MICRO
RODUCT . A self-help groups is a village based financial intermediary usually
composed of 10-20 local
omen and men Most are Located in India. Especially In SOUTH ASIA and SOUTH EAST
ASIA,
P Qs. at
4 4 1 TO

4 Snag,.

S. 5 k— el% . ‘. I bi reSEIG

ELF-HELP GROUP
self-help group (SHG) Is a village-based financial intermediary committee usually
composed of 10-20
ocal women or men. A mixed group Is generally not preferred. Most self-help groups
are located In India,t
hough SHGs can be found In other counties, es al in South Asia and Southeast Asia.

eed for SHGs

a) To mobilise the resources of the individual members for their collective
economic development
b) To uplift the living conditions of the poor
t) To create a habit of savings
d) Utilisation of local resources
e) To mobilise Individual skills for group's Interest
1) To create awareness about rights