Practicing Success
Who is responsible for decision making regarding loans and savings in a self-help group (SHG)? |
Non-government organisation Group members Village Banks Commercial banks |
Group members |
In a SHG, all the members contribute a small amount to create a pool of money. From the pooled money, credit is given to the needy members to be repayable in small instalments at reasonable interest rates. All the decisions regarding loans, interest rates etc. are taken by the group members itself. |