Question

Expand SHG's? What is the idea behind forming SHG?? Explain its functions??

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Answer 1

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Answer:- The basic idea behind the SHGs is meant to create self – employment opportunities for the poor. The SHGs help poorborrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.
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Answer 2

Self-help groups (SHGs) are small groups of people (especially from rural areas) who pool their resources and individual savings together.

FUNCTIONS..

→ to enhance confidence and capabilities of women

→ to encourage habbit of saving

→to develop collective decision among women and poor people

→ to motivate women taking up social responsibilities