A

PROJECT REPORT

ON STUDY OF MICROFINANCE (SELF-HELP

GROUPS)

SUBMITTED IN PARTIAL FULFILLMENT

FOR THE DEGREE OF BACHELOR IN BUSINESS MANAGEMENT

(BUSINESS STUDIES)

(2015-16)

SUBMITTED TO: SUBMITTED BY:

PRAVIN AKOLKAR KALPESH CHOGLE

KCES’S INSTITUTE OF MANAGEMENT AND RESEARCH JALGAON

 ACKNOWLEDGEMENTS

This project would not have seen the light of the day without the
following people and their priceless support and cooperation. Hence I
extend my gratitude to all of them.

As a student of Shri Chinai College of Commerce, I would first of all

like to express my gratitude to Dr. V.V.Katdare, Director, and IMR for
granting me permission to undertake the project report in their
esteemed organization. I would also like to express my sincere
thanks to Mr. Vishal Sandanshive for supporting me and being
always there for me whenever I needed.

During the actual research work, Mrs.Pushpalata.More(SHG

manager at JJSBL)and other bank staff that set the ball rolling for my
project. They had been a source of inspiration through their constant
guidance; personal interest; encouragement and help. I convey my
sincere thanks to them. In spite of their busy schedule they always
found time to guide me throughout the project.

He had been a source of inspiration through their constant guidance;

personal interest; encouragement and help. I convey my sincere
thanks to them. In spite of their busy schedule they always found time
to guide me throughout the project. I am also grateful to them for
reposing confidence in my abilities and giving me the freedom to work
on my project. Without their invaluable help I would not have been
able to do justice to the project.

KALPESH CHOGLE
 DECLARATION

I hereby declare that this research project report entitled “Micro-

finance (self-help group)” submitted by me for the partial fulfillment of
the degree of bachelor in business management, is an original work
done by me. I also hereby declare that this project report has not
been submitted at any time to any other university or institute for the
award of any Degree or Diploma

KALPESH CHOGLE
CERTIFICATE OF INSTITUTE

This is to certify that project report titled “microfinance (SHG)” is a

genuine work carried out by Mr. Kalpesh Chogle of our management
institute for the fulfillment of bachelor in banking & Insurance (BBI)
degree of “Chinai college of Commerce and Economics.

He has worked under our guidance and supervision. The material

referred from other sources has duly acknowledged

(Signature of guide) (Signature of

director)

Name- Name-

Date- Date-

Place- Place-
 CERTIFICATE OF ORGANIZATION
Date -

TO WHOMSOEVER IT MAY CONCERN

This is to certify that Mr Kalpesh RavindraChogle, BBI Final year student of

Chinai College of Commerce & Economics has done project work in our
banking organization on “SELF HELP GROUPS” under the supervision of Mr.
Pravin Akolkar towards the fulfillment of the degree of “Bachelors ofBanking &
Insurance” during the year 15th December 2014 to 15th January 2015

Bank Researcher
 EXECUTIVE SUMMARY

There is a mounting hope that microfinance can be large scale poverty alleviation
tool for decades India’s poor have been left out of the reach of the bank loans.
But out of necessity and enterprise, those locked out of the banking world have
found a way out. It is called microcredit-the extension small loans to individuals
who are too poor to qualify for traditional bank, loans, as they have no assets to
be offered as guarantee. In India, microcredit has largely worked only through
self help groups. Globally it is slowly proving one of the most effective strategies
to remove poverty. Banks too are shedding their old reluctance to lend to the
poor, and are looking to tap the expertise of microcredit groups to create new
market which has been emphatically projected on the current study

I have studied 5-6 case studies of Jalgaonjanatasahakari bank which were all
about how they helped and financed the poor and economically backward women
in the district of Jalgaon.

Self-Help Group or in-short SHG is now a well-known concept. It is now almost

two decade old. It is reported that the SHGs have a role in hastening country’s
economic development. SHGs have now evolved as a movement. Mainly,
members of the SHGs are women. Consequently, participation of women in the
country’s economic development is increasing. They also play an important role
in elevating the economic status of their families. This has led boost to the
process of women’s empowerment.

I undertook this project report mainly for the purpose of understanding the
importance of SHG’s in today’s banking and Indian economy.
All in all microfinance is all about how bank and government institutions help the
backward class and encourage their savings, and provide their banking
knowledge