Volume : 6, Issue : 6, June - 2017

SELF HELP SAVING SCHEME IN INDIAN VILLAGE: A CONCEPTUAL STUDY

Padmanagendra R.

Abstract :

<p>&nbsp;<span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">Banking</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">and non-banking financial companies are</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">providing financial help for the persons who are in need and do have high process of formalities for persons who are in need of finance and time for sanction </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp;</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">of that finance is also very high</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">and </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp;</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">these institution also do accept the deposit with very less or nominal rate of return</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">on saving. This study is about an association unregistered villagers who help themselves for meeting their sudden financial requirement and also yield high return on their saving. This study makes an attempt to illustrate the working principle of villagers and their saving scheme .There by enhancing the awareness among people before making their choice and decision of choosing a best saving and investment method </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">&nbsp;</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; text-align: justify; text-indent: 0.5in;">This paper is based on the primary data collected from villager, interviews given by villagers only without any legal and published records.</span></p> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:&#10;justify;text-indent:.5in;line-height:normal"><span style="font-size:12.0pt;&#10;font-family:&quot;Times New Roman&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;"><b><o:p></o:p></b></span></p>