SHG (Self Help Group)

byPaytm Editorial TeamLast Updated: December 29, 2025

Meaning & Definition

An SHG is a small group of people who save money together and help each other financially.

Purpose

  • Encourages savings
  • Supports small loans
  • Promotes self-reliance

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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