Micro-finance and Self-help Groups

Micro-finance and Self-help Groups

Micro-finance and Self-help Groups One of the innovations being tried out in the field of rural credit in many developing countries including India to help the rural poor, especially women, to gain better access to credit facilities is the attempt to promote micro level savings and credit self-help groups.The rural poor are being encouraged both by non-government organizations and formal rural financial institutions to organise themselves in to small solidarity groups which enable them to overcome may of the hassles the face while dealing with the formal credit agencies.