Review on Financial Prospects and Problems  of Women�s Self Help Groups (SHGs) with  Special Reference to Dharmapuri District,  Tamilnadu

Mr. V.Sivakumar; Dr. G.Prabakaran

Volume : I, Issue : XII, September - 2012

Review on Financial Prospects and Problems of Women�s Self Help Groups (SHGs) with Special Reference to Dharmapuri District, Tamilnadu

Mr. V. Sivakumar, Dr. G. Prabakaran

Abstract :

Financial assistance is being provided to women’s SHGs in the form of micro finance. Micro Finance is emerging as a powerful instrument for poverty alleviation in the new economy. In India, micro finance scene is dominated by Self Help Groups (SHGs). Bank Linkage Programme, aimed at providing a cost effective mechanism for providing financial services to the “unreached poor”. Based on the philosophy of peer pressure and group savings as collateral substitute , the SHG programme has been successful in not only in meeting peculiar needs of the rural poor, but also in strengthening collective self–help capacities of the poor at the local level, leading to their empowerment.