Social Sciences, asked by maxabanish, 10 months ago

How is the concept of Self-Help Groups important for poor people? Give your view
point.​

Answers

Answered by mspatel8361pavszl
6

Answer:

Self Help Group

SHG’s help in pooling the savings of the members, who are poor people

Members can get timely loans for a variety of purposes

They get loan at a reasonable rate of interest.

It helps borrowers to overcome the problem of lack of collateral and documentation.

It saves them from exploitation of the money lenders.

This interest income becomes an extra source of income of the members

Explanation:

Answered by sandy1551
2

Answer:

Self Help Group

SHG’s help in pooling the savings of the members, who are poor people

Members can get timely loans for a variety of purposes

They get loan at a reasonable rate of interest.

It helps borrowers to overcome the problem of lack of collateral and documentation.

It saves them from exploitation of the money lenders.

This interest income becomes an extra source of income of the members

hope this helps u

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