1.What is the importance of cooperative loan for the rural areas?
2.Write about the work and functioning of the Self-help Groups.
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Explanation:
Cooperatives have proved to be very important in the economic development of societies in rural development. Cooperatives encourage capital formation and investments in different sectors. People can get loans from there to start business enterprises. They also help in poverty alleviation and employment generation.
SELF Help Group are small groups of 15-20 members of rural people in particular women belonging to one neighbouhood who meet and saves regularly. The members of the group can take small loan to meet their needs on low interest rate. Functioning: ... The SHG help borrowers overcome the problem of collateral.
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