Blog on Banking Technology for Common Customer
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What SHGs do?
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What SHGs do?
• Meet regularly
•
Compulsory attendance
•
Maintain records
•
Create & develop common fund
•
Internal lending
•
Discuss the problems of members
•
Avail bank loan
•
Encourage income-generating activities
•
Arrange skill development training
•
Inculcate banking habit
•
Take up joint ventures
•
Take part in community / social activities
SPECIAL
FEATURES OF SHGs
• Flexibility, transparency
& autonomy
•
Democratic functioning
•
Self-discipline & conflict resolution through consensus
•
Collective leadership &
decision making
•
Creation & development
of common fund
•
Loans without collateral
•
Small, Timely & need-based
credit at doorstep
•
Market-related interest rates
•
Default management through peer pressure
•
Transparency in operations
•
Repeat loaning with
impressive recovery
•
Take up social and cultural
activities
Credit
flow from SHG
to members
Loans for -
a)
Consumption purpose
b) Production purpose
c)
Consumption & production purpose
Advantages of
SHG to members
• Credit delivery
at doorstep
•
Flexible norms in credit dispensation
•
Mutual trust and co-operation
•
Development of thrift
habit among poor
•
Financial & social empowerment
•
Employment generation
•
Confidence building among members
• Improvement
in standards of
living
•
Entrepreneurship development
•
Asset creation
•
Low-interest rate
•
Availability of small and need-based credit
•
No security
•
Convenient repayment schedule
Advantages to
Banks
• Wider
coverage
• Less desk work
to field staff
• Low
transaction cost
• High recovery
• Externalization of
credit function
•
Goodwill creation &
image building
• Meeting social objective
• Profitable
Books maintained by SHGs
•MINUTES BOOK
•ATTENDANCE REGISTER
•SAVINGS & LOAN REGISTER
•WEEKLY / FORTNIGHTLY / MONTHLY MEETINGS
REGISTER
•MEMBERS PASS BOOK
vThe
quality of books of accounts maintained by SHGs is an area of concern.
v We may encourage Local Book Writers in association with concerned
agencies promoting these SHGs.
v Such arrangement may be on a cost-sharing basis with some support from
the Bank.
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