Question

explain SHGs in simple language

Answer 1

Self-Help Group (SHG) is a small voluntary association of poor people, preferably from the same socio-economic background. They come together for the purpose of solving their common problems through self-help and mutual help. The SHG promotes small savings among its members. The savings are kept with a bank.

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Answer 2

Hey buddy here is ur answer !!!.

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→ SHGs is Self Help Group .

→ The SHGs are voluntary associations of people formed to attain some common goals.

→ The SHG is a group of urban women who have volunteered to organize themselves into a group for eradication of poverty and also the empowered of the women.

→ They agree to save regularly and convert their savings into a common fund.

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