Role of Kashi Gomti Samyut Gramin Bank for Rural Development: A Study on Self Help Groups

Abstract

There are still around 200 million people in rural areas that live below the poverty line and for
whom banking access is still not a reality. The financial requirement is one of the basic needs
of the poorer section of the society for development. For providing financial assistance regional
rural banks were established at various states and regions. For the same Kashi Gomti Samyut
Gramin Bank was established and operated in U.P. KGSG Bank is working very sincerely for the
help and development of poor people by the various schemes like agricultural financing, micro
credit, assist and promotion of Self Help Groups etc. Self Help Groups (SHGs) through Rural
banks may be considered as a vital option for meeting the financial needs of these poorer
sections of the society. The SHG is an informal organization of persons from the homogeneous
poor section of the society. It is controlled and managed by the members itself.