how is the concept of slef help group important for poor people ? give ur view point ?
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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
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It help the poor people by giving them opportunity to do something
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