Using Self Help Groups Movements to Assess the Women’s Potential for Entrepreneurship

Abstract

For the people, by the people, and of the people; this is the guiding premise of the SHG philosophy. A financial intermediation committee, often made up of 10–20 local (mostly female) Indians. It's a network of micro business owners that have a similar economic background. The major goal of their union is to pool resources, establish a common fund via regular savings and contributions, and provide mutual aid in times of need. The group's members produce the necessary resources for it to thrive economically. The organization's members pool their resources to provide loans to one another, giving each member of the group a shot at self-employment. Collective decision making and timely loan use and repayments are essential to the group's success (Thangamani, S. &Muthuselvi, S. (2013)).