Kaveri Grameena Bank, Women Empowerment In India
Key words: Micro Finance, SHG, Model, Women empowerment, Income.
Micro finance is a financial service of small quantity provided by financial …show more content…
For this the Bank identifies a large number of rural/semi urban/urban poor people who continue to remain beyond the reach of a formal credit. To help such poor the Bank has organized a large number of small groups known as Self Help Groups. The Bank has been awarded ‘Best RRB’ consecutively for the year 2011-12, and 2012-13.
1. To summarize the salient features of Kaveri Grameena Bank Model.
2. To evaluate the impact of micro finance on SHGs group members.
Scope: The study confined to Kaveri Grameena Bank only and the date is purely based on Secondary data only.
Research Methodology The study comprises of descriptive methodology and is based on secondary data covering a period from 2012-13 to 2014-2015. The data was collected from various articles, annual report and publications.
Results and …show more content…
Savings have played a vital role in all successful self help groups and hence a lot of stress has given to maintain regularity rather than a fixed quantum of savings to be contributed by each member.
A systematic and scientific approach has been adopted in the formation of SHGs to ensure long sustainability of groups which are as follows.
• First phase (0-6 months)-The first phase extends up to 6 months. During this phase importance is given to Developing cohesiveness, creating awareness about savings/thrifts, regularity in savings, punctuality in attendance, maintenance of financial discipline, promotion of mutual confidence and maintenance of basic books/records of group activity. In addition to this the importance is given to internal lending, effective use of common fund, selection of borrowers, prioritization of loans, fixing repayment schedule/interest rates, recovery of installments and interest and handling defaulters.
• Second phase(i.e. after completion of 6 months) SHGs are usually linked to Bank after evaluating each groups level of unity , management of funds/groups affairs and financial discipline of