Micro Finance Through Self Help Group in India: An Analytical Study

Self help group (SHGs) plays a significant role in poverty alternation. So we should create a large number of Self help group's helps of poor. The self help groups are not a poverty reduction programme. But it also develops the entrepreneurship skill and increase co-operation among poor people (SHGs members). So, Self help groups are need of time. In this paper we will study the meaning, objectives, structure, and growth of Self help group in India. The analytical results revealed that the Self help groups, in term of number and amount of micro loan have significantly increased during the study period. And further we found that Commercial bank plays a vital role in creating of Self help group and providing micro finance. In other words we can say that commercial banks emerge as a leader in creating Self help groups. The study also ravels that maximum no. of Self help groups has been present in southern region and while poor presence in north eastern region. The present paper also revealed that there is a significant difference between the spreading of Self help groups in different regions in India. Behind this situation several reasons are following, awareness about Self help group programme, lack of presenting NGOs in north eastern region, lack of education in women, and finally non- cooperative behave of bankers. To create large no. of NGOs.We should start a big advt. programme for creating awareness and benefit of Self help groups, properly check the performance of Self help groups and finally start entrepreneurship skill development programme and continue search business opportunity by bank and NGOs for Self help group's members.