Volume : VIII, Issue : I, January - 2019

Self- Help Group- An approach towards Financial Sustainability

Dr. Ashwin Purohit, Vishwa A. Deuskar

Abstract :

Micro finance is an effective instrument which promotes economic development, employment & growth with support of micro entrepreneurs & small business. The micro finance industry especially in India become an effective system for financing financially underserved & unserved people in the formal financial structure. This paper examine the development of SHG concept & their role in financial services for indeed people as well as its sustainability. Micro finance institutions, SHG–Self Help Groups, NGOs are the vehicles of micro finance. With the help of NABARD & RBI’s initiatives commercial banks, regional rural banks, co–operative societies have also taken part in micro financing with innovative ways. SHG become one of the efficient tool for micro financing. NABARD has initialize SHG–Bank Linkage Programme which is one of the most successful initiatives for financial empowerment, financial sustainability, and sustainable livelihood in rural areas. It is a world’s largest micro finance programme. With the help of this paper we have tried to understand the mechanism of SHG & its sustainability for financing to indeed people. The success of SHG–Bank linkage movement is a result of India’s success in building rural financial infrastructure & sustainable livelihood

Article: Download PDF    DOI : https://www.doi.org/10.36106/paripex  

Cite This Article:

SELF- HELP GROUP- AN APPROACH TOWARDS FINANCIAL SUSTAINABILITY, Dr. Ashwin Purohit, Vishwa A. Deuskar PARIPEX - INDIAN JOURNAL OF RESEARCH : Volume-8 | Issue-1 | January-2019

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