6. "Women self help groups are supportive to women empowerment
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Answer:
Explanation:
Women’s self-help groups are alliances wherein women empower each other through support, education, encouragement and financial assistance to achieve their personal and professional goals for a better future. SHGs are comprised of the poor village or tribal women who form a financial savings co-op and are often supported by national, international NGOs, local governments and social work initiatives. Each member contributes a small monthly or biweekly fee set aside to be used as loans to members when needed.
Self-help groups have been consequential in promoting economic growth for its members who were previously stuck in a cycle of poverty. Observations of SHGs such as Jharkhand and Chhatisgarh Projects in India demonstrate SHGs abilities to promote financial independence among women by allowing them to participate in marketplace trade, become entrepreneurs and earn livelihoods.
Besides providing a self-sustained dependable reserve of funds for its members, SHGs also foster positive relationships with commercial banks and microcredit institutions.