Question

Describe any three advantages of shgs for poor 5 mark answers

Answer 1

Answer:

The advantages of 'Self Help Groups' for the poor. (i) SHG helps in getting timely loans for a variety of purposes and at a reasonable interest rate. (ii) SHG builds blocks of organisation of the rural poor. (iii) They help women to become financially self-reliant.

(iv)the SHG help borrowers over the problem of lack of collateral