Question

Explain some duties and responsibilities of self help group

Answer 1

Answer:

initiate and maintain saving within the group all member must regularly save at least small amount this saving allowed them to get future credit to their group lending loans to the member the saving made by SHG must be used to provide loan to the member of group

Answer 2

• It has 10 to 15 members
• They belongs to one neighbourhood
• Savings from person vary from rupees 25 to rupees 100
• Members can take small loans from groups
• The group charges less interest
• It is less than the moneylenders
• If the group save regular in bank the bank also produce loans to SHG
• The loan is sanctional in the name of SHG