SHG stands for “Self-Help Group.” It is a term used to describe a group of individuals who come together for the purpose of supporting and empowering each other to achieve common goals. These groups are typically composed of people from similar backgrounds or with similar interests, and they are often formed to address specific issues or challenges.
SHGs can be found in a variety of settings, including rural and urban areas, and are formed by people from different socio-economic backgrounds. In rural areas, SHGs are formed to address poverty, unemployment and other economic issues, while in urban areas, they are formed to address issues such as education and health.
SHGs are typically formed with the help of NGOs (Non-Governmental Organizations), government agencies, and other organizations that provide training, resources and support to the groups. Once formed, the members of the group will elect a leader and a set of rules to govern their meetings and activities.
The main activities of SHGs include savings and credit, income-generating activities, and capacity building activities. The group’s savings and credit activities help members access credit at reasonable rates, and income-generating activities help them increase their income. The capacity building activities help members develop their skills and knowledge so that they can improve their livelihoods.
In summary, SHG stands for Self-Help Group, it is a group of individuals that come together to support and empower each other to achieve common goals. These groups are formed by people from similar backgrounds or with similar interests and formed to address specific issues or challenges. They can be found in rural and urban areas and often formed with the help of NGOs, government agencies and other organizations that provide training, resources and support. The main activities of SHGs include savings and credit, income-generating activities, and capacity building activities which help members access credit at reasonable rates, increase their income and develop their skills and knowledge to improve their livelihoods.