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| 1. |
Write a short note on significance of self help groups |
| Answer» \tA typical SHG can have\xa015-20 members\xa0generally belonging to the same village.\tThe main motive of SHG\'s is to pool the savings of the poor people. Saving varies from Rs 25to Rs 100\xa0depending on the economic condition.\tThe SHG\'s provide loans to their members at a reasonable rate.\tAfter a year or 2. If the group is regular in savings it becomes eligible for bank loans.\tAny case of non-repayment of loans by any one member\xa0is followed up seriously by other members in the group\xa0and because of this feature the commercial banks don\'t hesitate to give loans to these groups.\tThis group helps the borrowers to\xa0overcome the problem of lack of collateral.\tThis groups are being\xa0organized by women\xa0and this helps them to\xa0become financially self-reliant.\tThis group provides a platform to\xa0discuss variety of social issues\xa0lite health domestic violence, etc. | |