The legitimacy and accountability of Self-Help Groups (SHGs) and their patrons, the micro-finance outfits, need systematic assessment and scrutiny for the sustained success of the concept. Discuss.
Points to Remember: Legitimacy of SHGs: Trust, transparency, and democratic functioning. Accountability of SHGs: Financial reporting, member participation, and impact measurement. Role of Microfinance Institutions (MFIs): Ethical lending practices, capacity building, and monitoring. Systemic Assessment: Independent audits, government oversight, and participatory evaluations. Sustained Success: Financial inclusion, poverty reduction, and empowerment of women. Introduction: Self-Help Groups … Read more