Question

Explain 4 feature of selfhelp group

Answer 1

Answer:

The features of Self-Help Group (SHG) are :

(i) People form their personal groups for the purpose of savings and also lend money among themselves.

(ii) Rate of interest is lower than imformal service providers.

(iii) They can also avail loans from banks if their savings are regular.

(iv) Decisions regarding the savings and loan activities are taken by group members.