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SELF HELP GROUP & MSME
What is a Self Help Group (SHG) in the context of Indian banking?
An SHG is a small, homogeneous group of 10–20 members, typically from rural or semi-urban areas, who pool savings regularly and extend micro-credit to each other for productive or consumption purposes.
What is the maximum repayment period typically allowed for loans given to SHGs by banks?
Up to 3 to 5 years depending on purpose.
Under the SHG-Bank Linkage Programme, which apex body promoted the model and provides refinance to banks?
NABARD (National Bank for Agriculture and Rural Development) pioneered and actively promotes the SHG-Bank Linkage Programme (SHG-BLP) and provides refinance to commercial banks, RRBs, and cooperative banks for SHG lending.
What is the second loan limit ratio prescribed for SHGs under the SHG-BLP model?
Loan up to 8 times of savings corpus.
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