1Assistant Professor, Department of Management (UG), Karpagam University, Coimbatore-21
2Assistant Professor, Department of Management (UG), Karpagam University, Coimbatore-21
3The Controller of Examinations, Karpagam University, Coimbatore-21
Poverty and unemployment are the major problems of any under developed countries, to which India is no exception. In the rural area 27.1% of the population is living under poverty. The overall unemployment rate is estimated to 7.32%. The female unemployment rate is 8.5%. The rate of growth of women unemployment in the rural area is 9.8%. In Tamilnadu to eradicate women unemployment more attractive schemes are introduced, one of which with less effort is Self Help Group, hereafter called as SHG. SHG is a group of rural poor females who have volunteered to organize themselves into a group for eradication of poverty of the members. They agree to save regularly and convert their savings into a Common Fund known as the Group corpus. The members of the group agree to use this common fund as a group through a common management.
The SHG will collect the minimum voluntary saving amount from all the members. The group will devise a code of conduct to bind itself. This will be in the form of regular meetings (weekly or fortnightly), functioning in a democratic manner, allowing free exchange of views, participation by the members in the decision making process.
The SHG corpus fund should be used to give advance to the members in the form of loans. The group should develop financial management norms covering the loan sanction procedure, repayment schedule and interest rates.
The study focuses on the functions and performance of self help groups in Coimbatore district.
UsedSHGs-Self Help Groups, S-Significant, NS-Not Significant
