Self Help Group-4 , Banking Fundamentals to Know for Students.

Blog on Banking Technology for Common Customer
 Click Here

Agencies connected with SHG movement 

•  Poor people

•  N.G.O.s /  SHPI

•  Banks

•  NABARD

  Governmen

Role of  poor

•Forming into homogenous &  affinity  groups  with the help of  NGO/SHPI/BANK/GOVT

•  Mobilize  savings from members

•  Internal  lending

•  Involving  in social  &  cultural  activities 

Role of  NGO / SHPI

•Formation of groups

•  Nurturing and development of groups

•  Capacity building through training

•  Arranging credit linkage with Banks

•  Skill development  of  SHG members 

•   Training group members in records keeping

•  Development of leadership qualities among members

•  Liaison with  Banks and Government agencies

•  Train group members in new technologies

Role of Banks

•  Provide credit to SHGs for internal lending

•  Provide credit  for joint ventures  of SHGs

•  Conduct awareness programs to SHGs  /  bank staff

•  Promoting community development activities 

Role of  NABARD

•Capacity building support to Partner Institutions

•  Loan fund support

•  Support to Government & formal agencies

•  Support to RRBs and  Commercial Banks

•  Support to NGOs

•  Support to farmers’ clubs

•  Support to independent Volunteers

Role of Government

•Formation of groups among rural poor

• Provide revolving fund support

• Provide support for group activities   (NRLM)

• Empowering the poor (Financial and   Social)

•Create awareness among poor

• Provide linkages