Self-Help Groups Effecting the Change in Financial Attributes

Keeping in view the impact of SHGs on generating of additional income and employment opportunities, a micro level field study in Mahewa and Chakarnagar blocks of Etawah district was conducted during the year 2005–06 by personal visits to SHGs and the selected members. For assessing the impact of SHGs on saving mobilization, internal loaning, use of loan and rate of interest, 21 linked SHGs and 33 non linked SHGs, thus total 54 SHGs were studied. The savings of linked SHGs and non-linked SHGs per month per member was 32.00 and 17.00, respectively. The study showed that per member internal loan was highest in case of linked SHGs as compared to the per member quantum of internal loan in case of non-linked SHGs. Out of the total internal loan i.e. 811242.00 lent by linked SHGs and non-linked SHGs, highest amount was spent on consumption and lowest on medication. Regarding rate of interest on internal loan charged by linked SHGs, 42.86% SHGs were charging 2 percent interest per month, 38.08% SHGs were charging 1% interest per month and 19.05% SHGs were charging 3% interest per month. In case of 33 non-linked SHGs, 45.46% SHGs were charging 2% rate of interest per month, 27.27% were charging 3% and reaming 27.27% SHGs were charging 1% percent rate of interest per month from the members.