Page 84 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 6: Grassroots Entrepreneurs through Self-Help Groups

13. To gain mutual understanding, develop trust and self-confidence that ‘each one is for Notes
every one’.
14. To build up teamwork on the basic philosophy of ‘two brains are better than one’.

15. To develop leadership qualities to lead the group and develop followers to achieve the
goals.
16. To use as an effective delivery channel for rural credit, so that rural urban difference will
be minimized.

Self Assessment

Fill in the blanks:
6. Self Help Group (SHG) is a group of 12 to 20 women of the same ……………………
background.
7. Each group selects one ……………… and two ……………………. from among themselves.
8. Members of SHG agree to save regularly and contribute to a ……………… fund.

9. Individually, a poor is not only weak in socio-economic term but also lacks access to the
…………………… and information.
10. SHGs need to develop Entrepreneurship …………………… by utilizing the inherent talent
and skill.

6.3 Microfinance as a Tool for Grassroot Entrepreneurship through
SHG’s
Today, rural women have acquired a secondary statue in social life, economic activities and
decision making among their families. Their role in productive work, employment generation
and income oriented activities is hindered by many socio-economic constraints. Hence, there is
a need to formulate policies, which aims for the empowerment and entrepreneurship of women.

Figure 6.1: Self Help Groups and Microfinance

Source: http://www.kanyakumari.tn.nic.in/images/selfwork.jpg

LOVELY PROFESSIONAL UNIVERSITY 79