Growth and Development of SHG and Micro Credit in India

K Uma; G Karthika

K Uma Assistant Professor, Department of Commerce, Madurai Kamaraj University, Madurai, Tamil Nadu, India
G Karthika Ph.D Research Scholar, Department of Commerce, Madurai Kamaraj University, Madurai, Tamil Nadu, India

Keywords: Micro credit, Self Help Groups, NABARAD

Abstract

The present paper represents the Origin, Growth andDevelopment of the micro credit programmein India. National Bank for Agriculture and Rural Development in India launched its pilot phase of theSelf Help Group Bank Linkage programme in 1992. Self Help Groups have been recognized by thepolicy makers as the effective conducts for accomplishing the distributional objectives of monetarypolicy. The SHG-bank linkage programme has emerged as the largest micro credit programme in theworld. The programme has made rapid progress since its inception in 1992. Theprogress under theSHG-Bank linkage programme has been quite impressive. Nearly 16.7 million families were assistedthrough this bank linkage programme. During the year 2016 loan disbursed in number of Self HelpGroup members are 18,32,000 and savings withbankers in number of Self Help Groups members are79,03,652.The paper fulfills the growth of SHG from 2007 to 2016 and growth is expected to beincreased by Introducing number of women beneficiaries.