Steps involved in forming a Self Help Group
STEP 1
Decision to form a Self Help Group
- Take a firm decision to form your Self Help Group. Do not form a Self Help Group (SHG) just because you have heard about it or someone known to you have started his / her self help group.
- Define Objective of your Group : Define what you intend to do with your Self Help Group. Whether you wish to form a self help group only for thrift (saving) purpose or plan to start a self employment activity. Define short term and long term objectives.
Assemble a group of probable members.
Assemble a larger group of probable members. Explain your ideas about the group to them.
Induct only those members who are keen to join.
Do not enroll members just for the sake of forming a group of 10 members.
STEP 3
- Call first meeting of your Group
- In this meeting resolve to form your SHG
- Name your SHG
- Appoint Office Bearers
- Frame Rules & Regulations of your SHG
- Write down the proceedings of your Meeting in "Resolution" Format & get the signatures of all the members.
STEP 4
- Approach your nearest Bank (preferably Nationalized Banks) for opening Bank Account.
- Pass a resolution to open account in Bank and empower three members to operate the account.
- Please Some Banks call all the members of the SHG at the time of opening the Account.
Your SHG is now formed.
