A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–200 local women or men. A mixed group is generally not preferred.
Members also make small regular savings contributions over a few months until there is enough money in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of micro-credit. They pool their resources to become financially stable, taking loans from the money collected by that group and by making everybody in that group self-employed.
Joint Liability Group (JLG) is a concept established in India in 2014 by the rural development agency National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers.
Joint Liability Group is a group of 4-10 people of same village/locality of homogenous nature and of same Socio Economic Background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.
Purpose of JLG microfinance is to Provide Credit to Small and Marginal Farmers, Tenant Farmers, Oral Lessee, Landless Labourers and Artisans and to provide self-employment and increase production of agricultural products. It provides Collateral free Loan to Groups
TO access our SHG Microfinance software all you need to have a reliable internet connection and a modern web browser.
SHG Microfinance software is very user friendly and the system has a simple graphic user interface and features a logical distribution of functions.
SHG Microfinance is a perfect solution for daily, weekly, monthly and micro finance It has been specially designed for the technological needs of daily , weekly and monthly collection finance service in India . all integrated with accounts.
Flexible and affordable pricing structure.
Welcome to Websoftex SHG Microfinance Software is the finest and customized software tool for managing your Microfinance Software of any type.
Websoftex SHG Microfinance Software is a powerful Online web based and windows based GUI based application integrated with core banking system designed to take care of all aspects of your societies business with utmost care.
The highlight of this software is in its comprehensiveness and the simplicity with which it handles complex tasks with ease.
Multi-user Online web based with Multi Branches
Extremely Functional and user friendly with user drivers operation
Attractive and well said reports format
Report export facility to various useful formats such as Ms Word. Ms excels. Customized and user defined reports
Day book and Trial Balance, General Ledger & Financial Statements
Modular design with proper integration to ensure trouble-free operations without undue complications.
Optimum security of operations which is very essential for financial transactions
Comprehensiveness in coverage - a feature absolutely necessary to meet all requirements
User-friendliness which ensures hassle free usage
High flexibility with expandability and upgradability. The software can be used by all societies and can be easily upgraded/expanded to cover more activities whenever required
Control over operations with in-built checks and balances, authorization procedures, etc.
Elimination of scope for tampering of data
The system is designed to work for network environment to access the information & update the data by different users simultaneously.
The software is capable of handling huge volumes of transactions without any difficulty
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