discuss the role of self help groups in providing cheap credits to people
Answers
Answer:
The basic idea behind the SHGs for the poor is to provide a financial resource for them by organise rural poor, in particular women, into small Self Help Groups (SHGs) and pool (collect) their savings. These groups also provide loans to their members at low interest rate.
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Answer:
The basic behind the SHGs is to provide a financial resource for the poor through organizing the rural poor especially women, into small Self Help Groups. They also provide timely loans at a responsible interest rate without collateral.
Thus, the main objectives of the SHGs are:
To organize rural poor especially women into small Sell Help Groups.
To collect savings of their members.
To provide loans without collateral.
To provide timely loans for a variety of purposes.
To provide loans at responsible rate of interest and easy terms.
Provide platform to discuss and act on a variety of social issues such education, health, nutrition, domestic violence etc