Microfinance and Self-Help-Groups: A Study on Financial Management of SC-SHGs in Rural Assam
Financial management helps in the proper functioning of every SHG. Every SHG has good practice of managing the financial resources available with them. Finance can be raised by the SHGs through microfinance. Through microfinance a small proportion of loan and other financial support is provided to the poor in a small quantity by the financial institutions. SHGs are formed by a group of people living in the same village known to each other and starttheir operations with savings and create a fund. Proper monitoring and review by the management is very essential in order to control the financial management of the group. The paper has attempted to understand the financial management practiced by the SHGs with special reference to the SC-SHGS that have been registered under economically weaker areas and also flood affected areas of rural upper Assam.
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