SHG SCHEMES

 SHG means Self Help Group is a group of such people of some similar income group. Which are made to fulfill a particular purpose, these small groups are made only to help each other, all the members of the group can join on their own free will. They do not depend on anyone else, rather they help themselves. As the name suggests, self-help means those who help themselves. This type of group consists of 10 to 50 members, all these members can voluntarily join it.

All the members selected in this belong to the same income group. Women are included in the women’s self-help groups. In this, an equal amount is fixed by all the members on a monthly basis, which is deposited with the office bearers in their register. After that deposit that savings in your nearest bank. Where he has opened a savings account in the name of the group. The savings account is operated by the office bearers of the group.

Any three members of the group are appointed as office bearers. who runs the group. Keeps details of any transaction. The loan is also taken by the bank at a low rate of interest.

Role of DAY-(National Rural Livelihoods Mission) NRLM SHGs in COVID-19 Pandemic during the covid epidemic where millions of people lost their jobs. At such a time, a commendable work was done by self-help groups in India. These self-employed groups played a big role during Covid. While lakhs of people migrated from the cities, people became unemployed, while shg groups participated in making masks, distributing sanitizers and other such works to fight against Corona, which proved effective during Covid. Various organizations of the world have also appreciated the contribution of self-help groups in India during the Corona period. In this way, we hope that in the coming times also the SHGs of our country will continue to work like this.

What is Self Help Group?Self help group (shg) is such a group of poor people running a similar micro business and enterprise having affinity among them, who save some from their income in a convenient way. Deposits keep this small savings included in the combined fund of the group, and it is shared among themselves to be given to the members of the group according to their needs (productive and consumption needs) on the terms of the group and fixed interest, period. Agrees Means the members of the group deposit some part of their income in the group every month. Loan is given to the needy member out of the deposited amount on the terms of the group. NRLM SHG National Rural Livelihoods Mission (NRLM, SHG) has been started by the government with a specific objective. Whose details are point-wise as follows?

• Government has to uplift such poor people of rural India, who have a strong will to eradicate their poverty. Those who have a lot of potential to do something.
• Government wants that the poor women and families of the rural society of rural areas should improve their standard of living as well as awaken the feeling of social solidarity in them. Apart from this, it should develop into a strong organization. Their real potential has to be awakened in them.
• Spreading awareness among women, developing their skills, strengthening women empowerment etc. all the objectives can be accomplished through SGH.
• Providing employment to rural poor families at the local level only. So that their basic needs can be fulfilled.

Self Help Group Terms and Conditions

• The group should be actively operating for at least 6 months.
• Continuous monthly savings deposited in the group by the members of the SHG group from the resources available with them. Loans have been given by the group to the members from the amount deposited with it.
• Complete accounts of the account have been maintained. The complete details of the loan given to any member or the monthly savings amount deposited should be recorded in a register.
• Meetings are being held on weekly or monthly basis from time to time. Whose details should be recorded in the meeting register?
• Working in a democratic manner in the group. There should be participation of all the members and everyone’s point of view should also be listened to. The purpose of the group should be to help each other and self-employment and not just to take loan from the bank.
• All these points are closely looked into by the bank at the time of giving loan. The Bank Officer / Branch Manager should be satisfied that the objective of the group is genuine self-employment and helping each other. There is a rating table on the bank loan application form, in which only those who get a certain number are eligible for the loan. All the members should be of same interest and background. Means all the members who are doing micro business should belong to the same business in that group. For example, if milk is to be saved then everyone should be related to that. And if you do the work of sewing, then everyone does the work of sewing.
• The norms of loan by bank to NRLM SHG may range from 1:1 to 1:4 as per their deposit to deposit ratio.Key points to become a Self Help Group member.
• Very poor and poor women or women from below poverty line (BPL) families are included in this group. The age of women joining the group should be between 18 to 65 years. The female member involved should be marked for NRLM SHG.
• Every month some amount is deposited by the members of the group. That’s why it is also necessary to have such members, who should be able to deposit the minimum amount fixed with the consent of the group members. So that he can contribute monthly.
• (National Rural Livelihoods Mission) such women will be included for NRLM SHG, who is willing to do collective work if needed. The women member involved should give time to attend the group meeting to be held from time to time. The group should have 10 to 20 women members. Loans given to self-help groups have been kept in the priority category. When the bank further reports the loan given under NRLM project, the loan given to SHG is shown in the next column. regular group meeting To fix the weekly savings amount for the deposit of the members. Fixing the time for the weekly meeting and also choosing the place where it will be held. Taking initiative for organization and group work. Taking collective decisions by the group and then implementing them. Telling the group members about Panchasutra. Officer appointed for the operation of the group after the formation of NRLM group, now the biggest question remains, who will run it. Means who will operate it. To do this work, three office bearers are selected from among the group members. It consists of a President, Treasurer and Secretary. The chairman’s work is to operate the group, the secretary’s job is to keep track of all the group’s work, and the treasurer’s job is to keep track of money related transactions. Apart from this, one NRLM SAKHI is also selected for each village by the government. Whose task is to form a group, organize awareness camps in the village, etc. in the beginning? NRLM SHG Bank Loan Linkage After the formation of the group, a fixed amount is deposited by all the members of the group for the initial few months. After making regular deposits for six months, the group becomes eligible for a bank loan. To take loan from the bank, application for loan is made through block. After the file is submitted by the block, it comes to the bank. For NRLM SHG Bank Loan Linkage they have to follow the following procedure.

Eligibility for Bank Loan After the formation of self help group also become eligible for bank loan, it is necessary to fulfill certain eligibility for the loan given to the group from the bank. The details are as follows –

• After group formation, every member is required to save some amount monthly from himself. The loan has been given from the amount deposited by the members.
• The operation of the group should be in a democratic manner.
• Records of all transactions are properly maintained by the functionaries.
• The purpose of taking the loan should have been done keeping in mind the interest of all the people.
• The group should be active for at least 6 months to avail the loan.

We envision a India “where every woman and every girl, who wants to earn, gets the opportunities to do so.”

Over 90% of workers and producers in India are in the informal economy with no regular salaried employment, no protection from hazardous working conditions, any social security or social safety nets, and are particularly vulnerable to external fluctuations within the economy and the state.

The informal economy is not a separate part of the economy but is closely tied with the formal economy, both for the supply of labour as well as for goods and services. As a result, informal workers are connected to both local and global economies. Women in the informal economy face even more risk than men due to lower wages, more strenuous work, and familial and societal responsibilities.

Women from low-income and marginalised communities suffer from a lack of equal access to financial services. They are also less familiar with how to use and manage financial assets. SEWA strengthens these women’s capacity to use financial services by leading frequent financial literacy training in communities. The Buddhanjali Foundation “Mahila Vikash Patra Yojna “ is one such initiative that supports healthy financial practices by organising financial literacy training workshops within communities to enhance their financial decision-making skills and by encouraging a habit of savings. These sessions emphasise how members can plan, save, and invest their assets. Buddhanjali Foundation’s financial literacy training has been an essential component that has allowed women to invest and build a more secure financial future to protect against economic shocks and health emergencies.

Today it has become very important for women to be financially strong in the country, if women are financially strong then their family will also be strong, if the family is strong then the country will also be strong. To make women self-reliant, it is necessary to make them inclined towards investment, investment is also a means of employment, from which a good profit can be earned. Every other person in the cities is earning a good amount of profit by investing somewhere . Women have a habit of saving small amounts, but due to lack of information, they are unable to convert small savings into large savings, keeping this in mind, “Buddhanjali Foundation” is involved in some projects to finance their future. Is working to strengthen it. Budhanjali Foundation is one of the leading non-governmental organizations of the country, which has been working for the last three years to make women self-reliant.

Scheme: To strengthen women financially and make them self-reliant.

Only women will get the benefit of this scheme. For this, it is mandatory for women to register in an NGO. This is a five-year scheme, in which the money invested is deposited safely by the non-governmental organization for five years. After completion of the scheme, the money deposited is given to the registered woman with double benefit.

Objective: The objective of this scheme is to attract women towards investment, so that women can make their future financially strong by making small investments.

Eligibility: To take advantage of this scheme, it is mandatory for women to be in the form of an organization, for which women should be registered in a non-governmental organization or in a self-help group.