Question

Read paragraph 3 under the heading 'self help group for the poor' and answer the question: How are SHGs working in area?​

Answer 1

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• In our locality there are around 10 self help groups.

• Each group has 15-20 members, mostly women.

• They save small amount of money in the bank.

• The group is regular in savings.

• After two years the group became eligible for loan from bank.

• Loan is sanctioned in the name of group.

• The SHGs are responsible for the repayment of the loan.

• Loans created self employment opportunities.

• Some purchased sewing machine, embroidery machine and some invested in papas making and their petty pan shops etc...

• These SHGs empowered women as they became financially self reliant.

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Answer 2

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In our locality there are around 10 self help groups.

Each group has 15-20 members, mostly women.

They save small amount of money in the bank.

The group is regular in savings.

After two years the group became eligible for loan from bank.

Loan is sanctioned in the name of group.

The SHGs are responsible for the repayment of the loan.

Loans created self employment opportunities.

Some purchased sewing machine, embroidery machine and some invested in papas making and their petty pan shops etc...

These SHGs empowered women as they became financially self reliant