NABARD - Voluntary Savings in SHGs - page 2

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Table of Contents
Executive Summary......................................................................................................................... 5
1.1 Introduction ............................................................................................................................... 9
1.2 Basic theories in Savings......................................................................................................... 11
2.1 Introduction ............................................................................................................................. 13
2.2 Present status in India .............................................................................................................. 13
2.3 Substitution vs. Income effects of savings .............................................................................. 14
2.4 Savings from the Consumption smoothing angle.................................................................... 15
2.5 Incomplete credit markets ....................................................................................................... 16
2.6 Project Objectives/Terms of Reference (TOR) ....................................................................... 17
4.1 Questionnaire Design ........................................................................................................ 21
4.2 Sample Selection ............................................................................................................... 23
4.3 Qualitative Interviews ....................................................................................................... 24
5.1 Why Demographics ........................................................................................................... 26
5.2 Age & Family Size ............................................................................................................ 26
5.3 Number of Members.......................................................................................................... 28
5.4 Education level of SHG Members..................................................................................... 29
6.1 Introduction ....................................................................................................................... 31
6.2 Sources of Income ............................................................................................................. 32
6.2.1 Income from Primary and Secondary Occupation..................................................... 32
6.2.2 Household Income ..................................................................................................... 33
6.2.3 Income from government Schemes ........................................................................... 35
6.3 Why voluntary savings? .................................................................................................... 36
7.1 Introduction ....................................................................................................................... 39
7.2 Does saving induce trust among members?....................................................................... 39
7.3 Group dynamics and Voluntary savings............................................................................ 42
8.1 Introduction ....................................................................................................................... 46
8.2 Occupation of members..................................................................................................... 46
8.3 Savings and livelihood activity and or Lifecycle need...................................................... 49
9.1 Introduction ....................................................................................................................... 52
9.2 Amount of Savings ............................................................................................................ 52
10.1 Introduction ....................................................................................................................... 56
10.2 Constraints felt by SHG members in opening accounts outside the SHG........................ 56
10.3 Expenditure by members ................................................................................................... 58