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Table 9.2: Karnataka - Savings of the SHG member (monthly and sub-period)
Initial savings
Changed savings
Monthly rate Accumulated
amount
Monthly rate Accumulated
amount
Mean
80.27
3,660.29
100.20
4304.40
Standard
deviation
110.42
2,569.12
98.20
2,255.59
Number of
observations
300
300
300
300
Note that initial savings and changed savings are spread across different sub-periods.
In Karnataka we find from Table 9.2 that the mandatory savings amount remains the
same. Here it seems as though the savings in SHGs is more symbolic and is not being
used for other purposes as in the case of Tamil Nadu.
Hardly 2-3% of the members saved more than the mandated amount in the SHG group.
The top reasons given by them is that
They did not want other members to know that they had extra cash and
They cannot withdraw the money when they wanted.
However, most of the skilled members did save their extra earnings in the form of LIC
policies, fixed deposits, in post offices or in recurring deposits either for educational
needs, contingency heath needs or for a festival. The point to be noted here is the need to
