Transcription of CHAPTER - 1 INTRODUCTION AND HISTORICAL …
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CHAPTER - 1 INTRODUCTION AND HISTORICAL …
1 CHAPTER - 1 introduction and historical Group or in-short SHG is now a well-known concept. It is now almost two-decade old. It is reported that the SHGs have a role in hastening country s economicdevelopment. SHGs have now evolved as a , members of the SHGs are women. Consequently, participation of women in thecountry s economic development is increasing. They also play an important role in elevatingthe economic status of their families. This has led boost to the process of women can trace the origin of the concept of SHGs in Micro-finance institutes of BangladeshBangladesh has been acknowledged as a pioneer in the field of micro-finance. Yunus, Professor of Economics in Chitgaon University of Bangladesh, was an initiatorof an action research project Grameen bank .The project started in 1976 and it was formally recognised as a bank through anordinance, issued by the government in 1983.
3 The movement of SHG was nourished innourished in the states of Gujarat, Maharashtra, Andhra Pradesh, Rajasthan, Tamilnadu and Kerala. Now nearly 560 banks like NABARD, Bank of Maharashtra, State Bank of India, Co-
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