Micro Finance Bank

Empowering Women through Self Help Groups

INTRODUCTION

Women's Empowerment

The main task is to identify areas where these groups, in fact, face problems, since at this stage only technical problem solving of adult learning that attract these poor farmers to improve their working conditions and income. The success of any strategy of empowerment of women depends on the following factors.

1. Level of education, hard work, skills,

2. Social customs and habits, living standards

3. Family planning, small family, advice on family expenses

4. Health, medical services, cleaning

5. Environment, tree growing, kitchen gardening

Today, more than 100,000 women self-help group to the submission of credit reports have linked with the bank through micro credit schemes. These groups have been promoted with the support of nongovernmental organizations (rather than in national systems) and donors bilateral or multilateral agreements, such as the UN and the World Bank. In fact, the World Bank has set a target of reaching 100 million poorest people in the world with micro credit schemes and micro-credit has been at the center of its overall strategy of poverty reduction. In India, NABARD plays a key role in helping banks and NGOs involved in microfinance schemes.

Empowerment of women became an evolving concept, which leads to lead a society best in the world. It provides power and act to become independent builders of society with potential challenges to future generations. We can not ignore the contribution of women to socio-economic development of the nation. Empowering women in social, political, economic and legal was necessary to convert society idle self-sustaining society. Women's empowerment can be achieved through political power, education, employment and self-help groups. Between these, self-help groups dominate fruitful and success of the empowerment of women.

SHG takes up most of the nation's rural development, which is almost all of the nation. This concept was successfully implemented and achieved in Bangladesh, it has been introduced in India. The southern state, Tamil Nadu became a large SHG been incorporated in the country and mobilized tens of millions of money.

Self-help groups, mainly related to the recruitment of women in society through, social and economic aspects. This leads to offer and the empowerment of women. SHG microfinance not only mobilize and provide microcredit to the required members but also provides self-employment training, awareness programs, promotion of leadership qualities and life to its members confidential.

CONCLUSION

Therefore, providing adequate financial support, guidance start small businesses, technical assistance, can raise their standard of living. If used efficiently, do not face poverty in addition to this, the productivity of the nation will increase as a result of growth of GDP and per capita income.

About the Author

Why do MFIs Lend to SHGs – Anup Singh

Banking, Micro Finance and Self-help Groups (Shgs) in India $27.44 An outstanding feature of banking sector reforms in India has been the emergence of micro credit as the most suitable and practical alternative to the conventional banking in reaching the hitherto unreached poor population. The Self-help Group (SHG)-Bank Linkage Programme was formally launched in the year 1992 as a flagship programme by National Bank for Agriculture and Rural Development (NABARD) …

Micro Credit, Self-help Groups (Shgs) and Women Empowerment $29.99 Since Independence in 1947, the Government of India and the Reserve Bank of India (RBI) have made concerted efforts to provide the poor with access to credit….