Imagine yourself to be XYZ, a member of a women Self- Help Group. Analyse the ways through which your group provides loan to the members.Imagine yourself to be XYZ, a member of a women Self- Help Group. Analyse the ways through which your group provides loan to the members.
Answers
Answer:
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Explanation:
(I) self help groups pool their savings.
(ii) a typical SHG has 15-20 members, usually belongings to one neighbourhood ,who meet and members can take small loans fromthe group save regularly .
(iii) saving per member varies from rs 25 to rs100 or more, depending on the ability of the people save.
(iv)
Answer:
(i) Self Help Groups pool their savings.
(ii) A typical SHG has 15-20 members, usually belonging to one neighbourhood, who meet and
save regularly.
(iii) Saving per member varies from Rs. 25 to Rs. 100 or more, depending on the ability of the
people to save.
(iv) Members can take small loans from the group itself to meet their needs.
(v) The group charges interest on these loans but this is still less than what the moneylender
charges.
(vi) After a year or two, if the group is regular in savings, it becomes eligible for availing loan
from the bank
Explanation: