An SHG is a group of about maximum 20 and minimum 05 persons from a homogeneous class, who come together for addressing their common problems. They are encouraged to make voluntary thrift on a regular basis. They use this pooled recourse to make small interest bearing loans to their members. The process helps them imbibe the essentials of financial intermediation including prioritization of needs, setting terms and conditions, and accounts keeping. This gradually builds financial discipline in all of them. They have learned to handle resources of a size that in much beyond individual capacities of any of them. The SHG members begin to appreciate that resources are limited and have a cost.
For the implementationf of the project on Selp Help Group, the following Project staffs has been selected as below:-
Mr. Caleb Gurung
Appointed for Project on
tother states as well
Ms Aruna Phanbuh
Mr Manoj Kumar Biswa
Ms Glory Suting
For Meghalaya only
Mrs Solome Gurung
The organisation has also formed a Project Implimentation Monitoring Committee. (PIMC) to look after SHPI Promotion of credit linkage of 50 SHG.
The following are the PIMC members:
• Smti Precious T. Ryngkhlem, BM APEX BANK Nartiang branch,
• Smti Kharmalki, BM RURAL BANK Ummlong Branch,
• Shri Richard Kharpuri (Former Director of NEC),
• Shri S.W Sangma BM SBI Ummulong Branch and
• Shri B. Choudhury M SBI(Lead Bank) Dhankethi Branch.
DDM NABARD T Thangkhiew unveiling the SHG material
Project Manager Shri Caleb
PROJECT TEAM FROM LEFT TO RIGHT
Shri Caleb Gurung, Shri Manoj Kr. Biswa, Smt. Aruna Phanbuh, Shri R Kharpuri,
Kmri. Glory Suting and Smt. Solome Gurung
As of now all the groups have their bank account in the name of their respective groups and some savings also. The project is going very well and expected to be growing in the upcoming days along with group’s development and sustainable activities.
These groups have reduced the influence of informal lenders. And have obtained strength to grow together with support of SHG members and COM.
FORMATION OF GROUPS
SELF HELP GROUP IN WEST JAINTIA HILLS, MEGHALAYA
SELF HELP GROUPS AND LEADERSHIP TRAINING