Question

What is the role of networks in stabilizing and promoting SHGs?

21 Jul 2025
Answer :
Word Count : 466
Networks play a vital role in stabilizing and promoting Self-Help Groups (SHGs) by providing support systems that enhance their operational efficiency, financial sustainability, and social empowerment. These networks, which may include federations of SHGs, NGOs, banks, microfinance institutions, and government bodies, act as enablers by offering structural and institutional support. One of the key roles of networks is capacity building. Networks facilitate training, knowledge sharing, and skill development among SHG members. They organize workshops on financial literacy, entrepreneurship, bookkeeping, and leadership, which empower members to manage their groups more effectively and independently. This leads to improved group performance and higher confidence among members. Networks help standardize procedures and ensure compliance with best practices. By offering guidelines _______ _________ __________ __________ ___ _________ ___ ____ _______.
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