A Self-Help Group (SHG) is a registered or unregistered group of micro entrepreneurs having homogenous social and economic backgrounds, voluntarily coming together to save regular small sums of money, mutually agreeing to contribute to a common fund and to meet their emergency needs on the basis of mutual Help. From wikipedia

“In the earlier times villages were an self dependent unit, catering to all the needs of the masses, recent development of few years destabilized the masses and made them dependent, but the self help married with financial inclusion can be a sure shot to get rid of poverty” said Mr. Bains CEO, Jalandhar Central Co-operative Bank while presiding over the PROJECT IMPLEMENTATION AND MONITORING COMMITTEE meeting organized by PAHAL a Ngo under the aegis of NABARD.

He briefed the members about liberal policies of World Bank and Reserve Bank of India. Sh. Y. P Aggarwal DDM NABARD expressed satisfaction over the work done by PAHAL in SHG formation and Bank linkage.

In collaboration with National Agriculture and Rural Development Bank: ‘PAHAL’ launched a large camping to form Self Help Groups in distt. Jalandhar and Kapurthala in Rural areas. Till date 1500 women comprising 50 SHG has been formed and linked with the banks . It is revealed that there will be 50 more SHG in the coming three months.

Professor Lakhbir Singh with Mr. Bains CEO, Jalandhar Central Co-operative Bank ,Sh. Y. P Aggarwal DDM NABARD



Self Help Group orientation Meet