INCENTIVE TO WOMEN FOR SAVING UNDER
SGSY
Under the Swaranjayanti
Gram Swarozgar Yojana (SGSY), Self Help Groups (SHGs) are
formed with thrift as entry point and Groups are encouraged to
do savings. The savings help them to build up the group corpus,
which is used as micro credit amongst the members. Once the group
is assessed to be a cohesive group, it is given revolving fund
through the bank. The revolving fund consists of a grant amount
equivalent to the group corpus and credit which can go up to four
times of the group corpus. This revolving fund is rotated amongst
the members as micro credit.
Self Help Groups
could be exclusively for women or could be mixed groups also.
This was informed
by Minister of State for Rural Development Shri U.V. Krishanam
Raju in a written reply to Shri Ramsheth Thakur in Lok Sabha today.
