Question

5.
6. What is the basic idea behind the SHGs for the poor? Explain in your own words.
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Answer 1

Answer:

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Explanation:

The basic idea behind the SHG's for the poor is to provide credit facilities at a cheaper rate and also without much documentation process. An SHG has 15-20 members, usually from the neighbourhood, who meet and save regularly in the range of Rs 25 to Rs 100 or more