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A list of successful SHGs in India was formed to deliver effective monetary services to the needy.
Below is a list of successful SHGs in India located all over the country. They have performed exceptionally well and made a mark by uplifting the financial standing of the poor with the help of the available resources and the skills they have.
The Names of SHGs in India
- Amba Foundation
- Ambe Mandal
- Baba Jaleswar SHG
- ASRLM
- Aastha Welfare
- Bhai Bhauni
- Chaumunda Bachat Mandal
- Chintan
- Chamoli SHG
- Dehradun self-help group
- Geeta Kurmi
- GULM self-help group
- Gram Chetna
There are several other names of SHGs in India.
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Growth of Self-Help Groups in India
Currently, our country has nearly 6.6 million SHGs on the list of successful SHGs in India and a total of 70 million people working in these groups. The goal of the NRLM is to help 80 million households, and they want to reach this goal by 2025.
Self Help Groups(SHGs) Benefits
Social integrity
A list of successful SHGs in India works collectively towards combating evils like alcoholism, dowry, and unemployment. With the help of self-help groups, women have been empowered not just in society but also in their families, and they are looked up to. Women empowerment, as we know, helps in enhanced social-economic conditions. It does not just improve the living conditions by improving the finances, but it also enhances their confidence and self-esteem.
Financial Inclusion
The return assurance from the Priority Sector Lending encourages the financial institutions to lend money to these groups. The SHG Bank Linkage Program that Nabard had first initiated helps make it simple for SHGs to avail of credit. This curtailed their need to depend on traditional sources and other financial institutions to lend them money.
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Pressure Groups
With the formation of pressure groups, the marginalised strata of the society get to voice their problems and opinions. Many government schemes have beneficiaries from the weaker section of society and the marginalised strata. So having their participation ensures that these groups achieve social justice.
The successful SHGs in India enhance the efficiency of the schemes laid out by the government and help in curtailing social audit corruption.
Other optional employment sources make it easier to depend on agriculture because they give support to micro-enterprises in their setup. For instance, small scale businesses personalised like tool repair services, tailoring, and small grocery stores.
How Do Consumption Patterns change?
The participating households spend additional money when the consumption patterns change, which improves the client households’ education and health.
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Growth of Self-Help Groups in India
The SHGs financial inclusion has helped in lessening maternal wellness and child mortality. Also, it has helped the poor to fight diseases because they now have better nutrition, housing, and health facilities. This is especially true for women and also children.
Why Are SHGs Needed?
The most important reason why there is so much poverty, especially in the country’s rural areas, is no access to be able to get credit and other financial services.
A committee was constituted with Dr C Rangarajan as the chairman, who made a comprehensive report on the financial inclusions in our country. According to this report, he recognised four major reasons for the lack of monetary inclusions, and those reasons are:
- Inability to give collateral security.
- Poor capability to absorb credit.
- Weakened community networks.
- Inadequate institution reach.
When sound community networks are built in villages, the villages are identified as crucial elements, especially where credit linkage is considered in the country’s rural parts.
They then get credit access. Therefore, it plays a vital role in helping to curb poverty. Assistance is also provided in creating social capital for the women and the needy. This helps empower women, and also it lends them the power to voice their opinion, which is important for women to progress in today’s society.
When people are self-employed, it gives them financial independence. There are several other advantages other than this, like the medical facilities improve, the levels of literacy become better. Not just this, people consider family planning to be an important part of progress as well.
Conclusion:
SHGs are substantially helping in improving the poor and marginalised sections’ economic plight. These groups rely on self-help, and they encourage alleviating unemployment and poverty. It helps build the operational capacity as the poor will be able to generate income with the help of self-employment. It helps in finding resolutions for different conflicts because of the collective leadership of these groups and because they get the opportunity to have a mutual discussion.
The poor and needy get collateral-free credit, and the members of the SHGs decide the terms and ensure that they get a market-driven and reasonable rate. They work together to make sure that the money they borrow from these organisations is given reasonably. It also helps the poor work towards saving money for which they earn an interest amount. It will help them to commence a small-time enterprise.
