SUSTAINABLE LIVELYHOOD AND SHGS

SUSTAINABLE LIVELYHOOD AND SHGS
Author(s):
Prakash Reddy T, Dr. Arul Challakumar
Keywords:
Self-help groups, livelihood, sustainable, credit empowerment.
Abstract
Globalization has encouraged to sustainable livelihoods for poor and rural people. This needs solutions that go micro-credit. The SHGs played a great role in achieving a sustaining livelihood by micro credit. It supports micro-level entrepreneurship which reduces the dependence on one source of income and widens income horizons for the members. The members of such groups belong to an identical social and economic background. SHGs are self-governed and controlled groups where the members voluntary come up with the quantity they will conveniently save out of their earnings. It acts as the mutually agreed contribution to the common fund and is employed to supply loans to the members and made sustainable livelihood for its members.
Article Details
Unique Paper ID: 156262 Publication Volume & Issue: Volume 9, Issue 3 Page(s): 218 - 223
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