A Self Help Group (SHG) is an organized association of individuals who come together voluntarily, with a shared goal of collectively addressing their common socio-economic needs and improving their overall well-being. These groups are usually composed of people facing similar challenges, such as poverty, unemployment, or limited access to resources and services. SHGs are typically established in low-income communities and rural areas, where formal financial institutions and social support systems may be lacking.
The primary objective of a self help group is to empower its members by providing a platform for mutual assistance and support. Through regular meetings and collaborative efforts, SHGs enable their members to pool their resources, knowledge, skills, and experiences for mutual benefit. The members contribute their savings into a common fund, which then becomes a source of small loans and financial services within the group. This internal lending system often creates opportunities for income generation, entrepreneurship, and improved livelihoods.
In addition to financial support, self help groups also offer social support and skill development opportunities. Members engage in capacity building activities, including training sessions, workshops, and awareness campaigns, to promote personal growth, leadership skills, and awareness of relevant issues. SHGs foster a spirit of self-reliance and cooperation, encouraging individuals to take ownership of their problems and actively work towards finding solutions collectively.
Overall, self help groups are instrumental in promoting economic and social empowerment, fostering community integration, and enhancing the overall well-being of their members.
