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| 1. |
explain the functioning of SHGs |
| Answer» \tSHG is abbreviated as Self Help Groups.\xa0\tAs the name suggests the members of this group are benefitted by other persons and also getting employment in banks.\tSHG has 15-20 members in a group.\tThe persons in the group are from one neighbourhood who have the habit if saving money.\tMembers can take small loans from the group itself to meet their needs.\tThe group charges interest on these loans less than that of moneylenders.\tAfter a year or two, if the group is regular in savings, it becomes eligible for availing loans in banks.\tLoan is sanctioned in the name of the group and creates self-employment opportunities for the members. | |