What are the SHG federations?
According to an APMAS (2005) study, “An SHG federation is a democratic body formed with certain number of SHGs functioning in a specific geographical area, with the objective of uniting such SHGs for common cause and for achieving these causes, which an individual SHG would not be able to do.
How many self-help groups are there in Tamilnadu?
Women Self-Help Groups were first formed in Dharmapuri and later expanded to other parts of the State. He added that now the state has 7.22 lakh WSHGs with 1.06 crore members.
What is Self-Help Group in Tamilnadu?
SHG is group of rural poor who have volunteered to organise themselves into a group for eradication of poverty of the members. They agree to save regularly and convert their savings into a Common Fund known as the Group corpus.
When did self-help group started in Tamilnadu?
Though the SHGs were started in 1997 in Tamil Nadu, the concept penetrated down only in recent years. Now there is a greater amount of socio-economic emancipation among the members of the SHGs.
Who regulates SHG?
The Genesis of SHG in India can be traced to formation of Self-Employed Women’s Association (SEWA) in 1970. The SHG Bank Linkage Project launched by NABARD in 1992 has blossomed into the world’s largest microfinance project. NABARD alongwith RBI permitted SHGs to have a savings account in banks from the year of 1993.
What is Cluster Level Federation?
Cluster Level Forum (CLF) is a platform for sharing of experiences of SHGs and extends mutual support to improve the overall performance. The CLF will create voice and space for the poor in the village and help initiate development intervention for poverty reduction.
Who started self help group in Tamil Nadu?
The SHG concept, which was conceptualised by late M. Karunanidhi, had not only empowered the womenfolk, especially, in rural pockets, but also given them a new meaning to economic well-being. The minister said that in the last 10 years, the SHGs had not been given the due importance they should have been given.
Who is the head of SHG?
Each SHG picks a group President, Vice President and bookkeeper. The role of the bookkeeper is to maintain the accounts and activities that happen in each meeting. The group then decides to meet every month or every week to come together and start saving a fixed amount of money.
Can SHGs have PAN card?
Pan Card for SHG Self Help Groups is called SHG PAN Card. It has PAN number printed on top and contains SHG Self Help Group’s name, date of formation on it. Most important, it also has Hologram which makes it genuine Identity/Entity proof for SHG Self Help Group.
What is CIF in NRLM?
NRLM provides Revolving Fund and Community Investment Fund (CIF) as Resources in Perpetuity to the institutions of the poor, to strengthen their institutional and financial management capacity and build their track record to attract mainstream bank finance.
What is Vo in NRLM?
VO is a federation of SHGs in a habitation. Each habitation may have a Village Organization. Wherever, the number of Self Help Groups in the village is more than 15, separate VO should be formed so that the VO is managed effectively by the members.
Which state first started SHG in India?
The Tamil Nadu Women’s Empowerment Project, an IFAD-supported project implemented through the Tamil Nadu Women’s Development Corporation, was the first project in the country, in about 1990, to incorporate the SHG concept into a state- sponsored programme.
Can men open SHG?
“They can, because they think they can” In its attempt to reach out to the entire community, MCDS has successfully initiated SHG programs for Men. Functioning since eight years, this program has a membership of about 170 men in eight groups.
Can SHG open savings account?
Ans: – Yes, SHG can open saving account with any bank. Reference may be made to RBI master circular on Micro Credit No RBI/2010-11/407, RPCD. FID.
What is NRLM subsidy?
In order to ensure affordable credit, NRLM has a provision for subsidy on interest rate above 7% per annum for all eligible SHGs, who have availed loans from mainstream financial institutions, based on prompt loan repayment.
What is CRP in SHG?
CRP team works for 15 days in a village and take up important activities like identifying the left-out poor andorganising them into SHGs, provide 3 days of basic training on SHG meeting process and SHG management norms, diagnose the existing SHGs of poor and give them training on best practices of SHG, identify …
Is there a database on SHG federations in India?
As there is no reliable database on SHG federations in India, it has to be generated using various means of communications, which are predominantly voluntary in nature. In the process the team might have received inaccurate data and information at some instances. It might have lead to misinterpretation of those data and information.
What are emerging SHG federations and challenges?
In 2006, APMAS wrote a paper titled “Emerging SHG Federations and Challenges”. Women Self-help Groups (SHGs) are widespread throughout India as policy makers, Governments, NGOs, and others concerned with development; are turning to the SHG model as a means to empower women and reduce poverty.
What is SHG and SLF in SERP?
In SERP, a four tier structure, the basic unit is known as SHG, the PLF is known as Village Organisation, SLF is known as Mandal Samakhya and ALF is know as Zilla Samakhya (figure – 3.1). 3.1.1.
What are the laws under which the Federations could be registered?
Other possible laws, under which the federations could be registered, are ‘not for profit (section 25) financial company’ and ‘non-banking financial company (NBFC)’. Apart from these there are some local appropriate acts, under which the federations are being registered.