By Anmol Kaur Bawa, Symbiosis Law College, Pune.
Self-Help Groups (SHGs) have pioneered the idea of microfinance investment in the Southeast Asian countries in the realm of globalisation. A Self-Help Group, as the term suggests, is a collective of borrowers at a micro-level, which takes loans from the bank under the combined representation of a group and lends among its members at a lower rate of interest. The individual earnings then, form a part of the group savings, in turn deposited to the bank. (more…)