Volume : 7, Issue : 9, September - 2018

A STUDY OF MICRO- FINANCE SERVICES TO RURAL POOR THROUGH SELF HELP GROUPS IN CHITTOOR DISTRICT, ANDHRA PRADESH

Miss. Umamaheswari

Abstract :

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:&#10;justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><i><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;mso-ansi-language:&#10;EN-US">This paper highlights the importance of Self Help Groups in reducing<span style="mso-spacerun:yes">&nbsp; </span>poverty in rural areas with reference to<span style="mso-spacerun:yes">&nbsp; </span>Chittoor District. The concept of</span></i><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&#10;&quot;Times New Roman&quot;,&quot;serif&quot;;mso-bidi-language:TE">Microfinance emerged as important toll for elimination poverty during 1980s in India.</span></i><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;background:white"> Microfinance is a oad category of services, which includes&nbsp;</span></i><span lang="EN-IN"><a href="https://en.wikipedia.org/wiki/Microcredit"><i><span style="font-size:&#10;12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">microcredit</span></i></a></span><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">.<span style="background:white"> An SHG may be registered or unregistered. It typically comprises a group of&nbsp;</span></span></i><span lang="EN-IN"><a href="https://en.wikipedia.org/wiki/Micro-enterprise" title="Micro-enterprise"><i><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">micro entrepreneurs</span></i></a></span><i><span lang="EN-IN" style="font-size:12.0pt;&#10;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">&nbsp;having homogeneous social and economic backgrounds; all 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.</span></i><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-bidi-language:TE"> The main emphasis is the spread of the banking network and introductions of new instruments and credit packages and programmes were to make the financial system responsive to the credit the weaker sections in the society.</span></i><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&#10;&quot;Times New Roman&quot;,&quot;serif&quot;;background:white"> Poverty is a one of the chronic problems in, despite being one of the fastest-growing economies in the world, clocked at a&nbsp;</span></i><span lang="EN-IN"><a href="https://en.wikipedia.org/wiki/Economic_growth" title="Economic growth"><i><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">growth rate</span></i></a></span><i><span lang="EN-IN" style="font-size:12.0pt;&#10;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">&nbsp;of 7.11% in 2015, and a sizable&nbsp;</span></i><span lang="EN-IN"><a href="https://en.wikipedia.org/wiki/Consumer_economy" title="Consumer economy"><i><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">consumer economy</span></i></a></span><i><span lang="EN-IN" style="font-size:12.0pt;&#10;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;background:white">.</span></i><i><span lang="EN-IN" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-bidi-language:TE"> In Chittoor District though there are some hindrances the SGHs are playing crucial role in eliminating poverty.<o:p></o:p></span></i></p>