Document Type : Primary Research paper
Department of social work, Stella Maris College, Chennai – 600086
Assistant Professor – Department of social work, Bharathidasan University, Tiruchirapalli, Tamilnadu - 62023
Faculty, Department of social work, Stella Maris College University of Madras – 600086).
Self Help Groups originated in the year 1975 at Bangladesh by Mohammed Yunus. In the eighties, it was a serious attempt by the Government of India to promote an apex bank to take care of the financial needs of the poor, informal sector and rural areas. And then, NABARD (National Bank for Agriculture and Rural Development) took steps during that period and initiated a search for alternative methods to fulfil the financial needs of the rural poor and informal sector. NABARD initiated in 1986-87, but the real effort was taken after 1991-92 from the linkage of SHGs with the banks. India adopted Bangladesh’s model of SHG after making changes, primarily with the purpose of reducing poverty and to empower rural women. In the early eighties, the Government of India took steps in promoting the apex bank to take care of the financial needs of poor, rural and informal sectors. NABARD took initiatives and provided alternative methods. NABARD has played a phenomenal role in the rural development of India.
Self Help Group in this this study is defined as a group of members who have voluntarily come together to form a group with an objective of empowering economically and socially, contribute savings and thrift, invest the savings in productive enterprises or lend the savings among the group members to further improve their quality of life through the MahalirThittam programme at Tirusulam in Kanchipuram district.