Question

how is the concept of slef help group important for poor people ? give ur view point ?​

Answer 1

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

Answer 2

It help the poor people by giving them opportunity to do something