Question

explain briefly about SHGs​

Answer 1

Answer:

A self-help group (SHG) is a financial intermediary committee usually composed of 10 to 20 local women or men between 18 to 40 years. ... SHG is nothing but a group of people who are on daily wages, they form a group and from that group one person collects the money and gives the money to the person who is in need.

Answer 2

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During last 3 decades, Government and Non Governmental Organization (NGOs) have tried out to organize rural poor, in particular women, into small Self Help Groups (SHG) and pool their savings. A SHG contains 15-20 Local Womens of age between 18 to 48 years old. Usually the all womens of a Group are neighbours, relatives or well known each other. They all meet and save regularly. Any one of the group can take small loans from bank to meet their needs. The group charges less intrest when compared to Moneylenders charges.

◕➜ Self-help groups are started by non-governmental organizations (NGO) that generally have broad anti-poverty agendas. Self-help groups are seen as instruments for goals including empowering women, developing leadership abilities among poor and the needy people, increasing school enrolments and improving nutrition and the use of birth control. Financial intermediation is generally seen more as an entry point to these other goals, rather than as a primary objective.

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