Dr.R.Neelaiah, Dr.A.Sasikala
Micro-finance, Micro Credit, Self-Help Groups and Non-Govt. Organizations
Micro-finance programmes are important institutional devices for providing small credit to the rural poor in order to alleviate poverty. Micro financing programmes through Self-Help Groups (SHGs) introduced and expanded by non-governmental organisations (NGOs) in several parts of India have the potential to minimize the problem of inadequate access of banking services to the poor. These can also influence savings. Many of the studies reveal that increased availability of micro-credit to the poor through micro-financing SHGs will enable rural households to take up larger productive activities, empower the poor women, decrease the dependence on exploitative local moneylenders and increase savings. SHGs have the power to create a socio-economic revolution in the rural areas of our country. SHGs have not only produced tangible assets and improved living conditions of the members but also, helped in changing much of their social outlook and activities. In order to reduce poverty by enabling the poor household to have access to beneficial self employment and employment opportunities based on their skills which then results in appreciable improvement in their livelihood on a sustainable basis, through building strong grass-root institutions of the poor (SHGs), is now the main motive of most of the employment schemes
Article Details
Unique Paper ID: 153599

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 115 - 119
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