Explain the features of self help groups.
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Answers
Answer:
The features of Self-Help Group 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.
Explanation:
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Answer:
1)what is shg?
=>A self-help group is a financial intermediary committee usually composed of 10 to 25 local women between the ages of 18 and 40. Most self-help groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia.
2)what are the features?
•They try to build the functional capacity of poor and marginalised sections of society in the domain of employment and income-generating activities.
•They offer collateral-free loans to sections of people that generally find it hard to get loans from banks.
•They also resolve conflicts via mutual discussions and collective leadership.
•They are an important source of microfinance services to the poor.
•They act as a go-through for formal banking services to reach the poor, especially in rural areas.
•They also encourage the habit of saving among the poor.
what is benefit of shg?
=Self-help Groups (SHGs) are informal associations of people who come together to find ways to improve their living conditions.