Discuss the growth path/ development of SHGs

Question

08 Oct 2024

Answer :

Word Count : 598

Self-Help Groups (SHGs) have evolved significantly since their inception in the late 20th century, particularly in India, where they have become instrumental in promoting financial inclusion and empowering marginalized communities. The development of SHGs can be traced through several key phases, each contributing to their growth and sustainability.

The concept of SHGs emerged in the 1980s as a grassroots initiative aimed at providing microfinance services to low-income households, particularly women. The early SHGs were largely informal and community-driven, focusing on savings and providing a support network for their members. The primary objective was to empower women, enhance their social _________ _________ ____ _______ __________ _______ __________.
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