The Self-Help Group (SHG) Financial Education Program

The Self-Help Group Financial Education Program SHG Icon
Target AudienceIlliterate, Semi-literate and Literate members within the SHG Groups across India
Mode of deliveryClassroom, Instructor-led, during SHG meetings in a structured and sequential manner
Languages designedEnglish, Hindi
CoveragePhases of SHG formation, Process inculcation, Bank Linkage, Financial Services and Income Generation
DurationThe total training modules consists of 21 hours of training. These can be imparted through a consolidated session over 3-4 days or split over many sessions and imparted during the periodic meetings of the SHG.
Participant Pre-requisitesParticipants can be of varying literacy levels, right from illiterate to semi-literate to literate. Participant can either be a member of an SHG or eligible to be a member of an SHG.
Program pre-requisitesFaculty should be knowledgeable of various norms, guidelines and processes of SHG and comfortable with the language of instruction.Following content is required for conducting the trainingText Books

Facilitator Guide

Flip Chart

Various material as mentioned in the book for exercises, discussions & games

Participant Books

Participant Guides

DescriptionThe German Development Cooperation organisation GIZ supported NABARD in designing a comprehensive SHG Financial Awareness and Education Toolbox. This toolbox consists of diverse awareness and education modules. All these tools target rural low-income households who either are already SHG members or might be interested in joining a SHG. TrainingCentral was mandated to design and develop the program.The Education Modules can be used by support agencies, banks, Financial Literacy and Credit Counselling Centre (FLCCs), Non-Government Organisations (NGOs), Self-Help Promoting Institutions (SHPIs), Federations etc. as part of a structured and modular training program. The Program mainly targets the general principle of an SHG as well as the importance of different aspects like book keeping, savings, etc.The Education Modules consist of 6 sessions dealing with the general concept of budgeting, savings and loans, but also specifics about SHG banking and provide an introduction into other financial services like insurance, remittances or pensions. It also deals with guidelines for taking up income generating activities through SHGs. For the implementation of the trainings, Facilitator Guides as well as Participation Guides and Flip Charts to be used during the training have been developed.
About TrainingCentralTrainingCentral Solutions Private Limited is an organisation focused on design and development of solutions in the Banking, Finance and Insurance domain. For the Financial Inclusion and Financial Literacy areas, TrainingCentral has done path-breaking work. Amongst products, we have created financial literacy content for class training and online access in multiple languages. Our programs for nation-wide delivery include the SHG program and the Business Correspondent and Business Facilitator (BC/BF) for the Banking Regulator in India. We maintain the portals for organisations with multi-lingual content; these include the portals for FINO[1] and for Suryoday Microfinance1.


[1]http://fino.trainingcentral.co.in and http://suryoday.trainingcentral.co.in

Annexure 1- Program Structure for the Self-Help Group (SHG) Program

Session Details

Time

Session 1 – Learning to Save

240 min

Session 2: Saving and SHG Dynamics

300 min

Session 3: Managing Money in the Group

300 min

Session 4: Opening a Bank Account

240 min

Session 5: Financial Planning & Products

90 min

Session 6: Starting Income Generating Activities

90 min

Total Minutes for Program

1260 min

 

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