preview

Self Help Group

Satisfactory Essays

INTRODUCTION :
A self-help group (SHG) is a village-based financial intermediary usually composed of between 10-20 local women. Most self-help groups are located in India, though SHGs can also be found in other countries, especially in South Asia and Southeast Asia. Members make small regular savings contributions over a few months until there is enough capital in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of microcredit.
SHGs are member-based microfinance intermediaries inspired by external technical support that lie between informal financial market actors like moneylenders, collectors, and ROSCAs on the one …show more content…

It is a fascinating journey of jute stamping it as one of the oldest surviving agro-industries of the world.

There had been a rapid expansion of the jute industry in India around Calcutta particularly during certain boom periods. From one mill in 1855 with no looms and another mill established four years later with only 192 looms, towards the end of the first decade of the 20th Century there were 59 mills with 30,685 looms. In the year 1918, the loom strength was 39,401. During the period after the First World War, there was a further advance in the productive capacity of the industry and in 1919-20 the number of mills had increased to 76 with 41,000 looms. There had also come into existence three mills in Andhra Pradesh part of the then Madres Presidency, and one in Uttar Pradesh (formally United province). During 1919-20 fourteen mills ware registered in India showing a great development in jute industry in Bengal and according to the statistics available in the ‘Romance of Jute` the loomage was well above 50,000 in 1927.

The temp of expansion continued unabated both in number of mills and in loomage irrespective of the considerations of demand and supply till about 1939-40 when there were 108 mills with 68,000 looms. There was very little expansion of the industry during the years of the Second World War; nevertheless, at the end of the war, i.e., in 1945, there ware 111 mills with an installed capacity of 68,542 looms. There has been no significant expansion

Get Access