Question

for what purpose loan amount raised from shg is used by borrower
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Answer 1

Answer:

self help groups are formed by 10-20 women in similar backgrounds

shgs have become popular among farmers

a common bank account is created for the shg

the members of the shg each contribue a small amount to the shg

during hard times the members of the shg take loan from the shgs instead of money lenders

the money is mainly used for capital heavy work such as buying seeds, pesticides,insecticidesetc

shgs have helped farmers in many ways,they have uplifted many farmers from poverty and destitution

Explanation: