Question

ADVANTAGES OF SHG ?(4 MARK)




EXPLAIN IN A CLARITY.

Answer 1

Answer:
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.

Answer 2

- Self help groups improves the status of

women.

- They are a group of women who share their meagre resources to external support.

- Women are trained in handling bank transactions and managing accounts.

- SHG have been instrumental in helping women to earn,save and spend at their willingness..

HOPE THIS WILL HELP YOU.