define shg? what r the two advantages of shg
Answers
Answered by
8
Answer: Self Help Group (SHG) is a group of about 15-20 members who pool their savings together. Following are the advantages of SHG: Members can take loans from the group's savings themselves on a decided rate of interest. ... After two years of regular savings, the SHG can also take a loan from the bank.
Answered by
9
A self help group is the financial intermediary committee usually composed of 10 to 20 local men or women .
It's two advantages are :-
■ Members can take loans from group's shavings themselves on a decided rate of interest .
■ The rate of interest is much lower than the interest that is charged by informal sources .
It's two advantages are :-
■ Members can take loans from group's shavings themselves on a decided rate of interest .
■ The rate of interest is much lower than the interest that is charged by informal sources .
Similar questions