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What are the advantages of self help groups?

Answer» Thanks for the answer karnika..
Advantages of SHGs:The SHGs help the borrower to overcome the problem of lack of collateral.They can get timely loans for a variety of purposes and at a reasonable interest rate.SHGs are the building blocks of organisation of the rural poor.Not only do they help women become financially self-reliant, the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.
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