Do Members of Self-Help Groups have Awareness on SHGS? – A Study

G Kalaivanan; V Jeyavalli

G Kalaivanan Associate Professor, PG Department and Research Centre in Commerce, Saraswathi Narayanan College, Madurai
V Jeyavalli Ph.D. (Part-time) Scholar, Research Centre in Commerce, Saraswathi Narayanan College, Madurai

Abstract

A Self Help Group is evaluated in terms of its sustainability and impact on the economic conditions of the households of its members. It is a known fact that awareness is very essential for the members to understand the importance of any organization. The implication is that awareness has a far reaching impact on the performance of the organization. Thus, the researcher made an attempt to analyze the awareness of the members on the various aspects of microfinance and SHGs in Madurai district. The primary data to assess the members’ awareness were collected from 261 members of SHGs linked to various branches of Canara bank in Madurai district. It has been found that 60 per cent of the members have higher level of awareness on the different aspects of SHGs. The survey brings out the point that the members of urban groups have higher level of awareness.