Functions of SHG
Here are some of the common functions of SHGs:
Savings and credit: SHGs typically encourage their members to save regularly and provide access to credit for income-generating activities.
Capacity building: SHGs provide training and education to their members to improve their skills, knowledge, and capacities in areas such as financial management, leadership, and entrepreneurship.
Mutual support: Members of an SHG provide emotional and social support to each other in times of need, such as during illness, family emergencies, or financial crises.
Advocacy: SHGs may engage in advocacy and lobbying efforts to promote the interests and rights of their members, especially for issues related to gender equality and social justice.
Information dissemination: SHGs provide information to their members on various topics related to their economic and social well-being, such as health, education, and government schemes.
Group enterprises: SHGs may start group enterprises, such as a small business or a community project, which generate income and benefit the members collectively.
Networking: SHGs may collaborate with other groups, organizations, and government agencies to leverage resources, gain knowledge, and expand opportunities for their members.
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