Question

self help group support has brought about a revolutionary change in a rural sector

Answer 1

1. It helps poor people to pool their savings.
2. Most of the SHGs are maintained by women inn rural areas therefore it has helped in women empowerment.
3. Many poor rural households are able to start their small businesses from the saved money.
4. SHGs provide loan to their members at much lower rate therefore poor farmers are able to purchase seeds and other tools with the loan by SHG.

Answer 2

Answer:

Support for self-help groups has sparked a dramatic shift in the rural sector. The goal is to gather rural poor people, especially women, into modest Self Help Groups (SHGs) so they can pool their savings. To meet their requirements, members may borrow a small amount of money from the organisation.

Explanation:

The SHGs assist borrowers in overcoming issues related to a lack of collateral. they have access to timely loans with affordable interest rates for a variety of needs. SHGs serve as the foundation for rural poor organisations. It aids in the financial independence of women. SHGs serve as the foundation for rural poor organisations. It aids in the financial independence of women.

SHGs play a significant role in self-employment by increasing the level of income and standard of living for rural residents, which helps to enhance their quality of life.

#SPJ2