A self help group (SHG) is a micro-cooperative whose activities comprise income-generation, overcoming addiction and ensuring safe sex, and propagating microfinance. Indian banks have found that lending to an SHG is good as the recovery rate is 90-100 percent. Despite this, poor families cannot cross the poverty line as the average amount loaned to them is very small. It is hoped this book will prove useful to NGOs, bank officials, economists, scholars and sociologists.
ABOUT THE AUTHOR Sridhar Krishna
Sridhar Krishna holds a Ph.D. in Economics from the Centre for Economic Studies and Planning, Jawaharlal Nehru University. He is currently Consulting Editor, Icfai Business School Research Centre, Bangalore. Before joining Icfai, he has served as a Consultant for the Institute for Social and Economic Change and for the Institute for Studies in Industrial Development. Besides these, he worked as an Associate Consultant at the Indian Council for Research on International Economic Relations; as a Fellow at the Institute for Human Development; as an Associate Editor for Indian Journal for Labour Economics; as a Lecturer at the Indian Institute of Finance; and as a Research Officer at the Centre for Budget and Policy Studies. He has to his credit several articles published in the Economic and Political Weekly.
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