Strategic Measurement of Human Resource Management of Self Help Groups

The term Self Help Groups (SHGs) is generally used in India to refer to unregistered groups of 10 to 20 members involved primarily in savings and credit activities. The main objective of this study is to identify HRM factors affecting SHG¿s and suggest a model to capture the constraining factors in a better way. Several specific goals are formulated to achieve this main objective. The analysis also revealed that being a member in SHGs and more importantly having a leadership experience in SHGs influence the bank account holding much. The leadership experience in SHGs would brighten an individual¿s banking habits much more than that of a person who is just a member of SHG. If the leadership position of each SHG is systematically rotated over appropriate time periods, such that each one in the group will experience the leadership position, there will be more exposure to the people on formal banking system and further inculcate banking habits at a higher magnitude thereby enhancing the banks advantage of acquiring large number of deposit accounts.