Self help Groups support has brought about a revolutionary change in the rural sector. Explain
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The basic idea behind formation of Self Help Groups (SHGs) is to create self-employment for the poor particularly rural poor women. A typical SHGs has 15-20 members, who meet and save regularly.
Through SHGs women become economically independent and participate in economic activities. The SHGs encourage team work because it is an organisation. The SHGs lends to its members. Members can take small loans from the group itself to meet their needs.
If the group is regular in savings, it can avail loans from the bank. They are helpful in eradication of poverty. This is because, the SHGs provide, cheap loans to its members to start self-employment activities such as establishing business like shops, small trading units etc.
The values which SHGs are able to support are as fallows
(i) create awareness among rural poors about their unity.
(ii)enable people to support each other in times of need.
(iii) help to eradicate worse situations.
(iv) help to create fraternity among people.
Through SHGs women become economically independent and participate in economic activities. The SHGs encourage team work because it is an organisation. The SHGs lends to its members. Members can take small loans from the group itself to meet their needs.
If the group is regular in savings, it can avail loans from the bank. They are helpful in eradication of poverty. This is because, the SHGs provide, cheap loans to its members to start self-employment activities such as establishing business like shops, small trading units etc.
The values which SHGs are able to support are as fallows
(i) create awareness among rural poors about their unity.
(ii)enable people to support each other in times of need.
(iii) help to eradicate worse situations.
(iv) help to create fraternity among people.
Answered by
6
HEY FREIND.
SELF HELP GROUP HAD HELPED A LOT TO RURAL AREAS LIVING PEOPLE.THIS SELF HELP GROUP HAD ENABLES RURAL PEOPLE TO GET LOANS.MEMBERS CAN TAKE LOAN FROM THE GROUP SAVINGS THEMSELVES ON A DECIDED RATE OF INTEREST.THE RATE OF INTEREST IS MUCH LOWER THAN THE COMMERCIAL BANKS SO THAT ANYONE MAY NOT FALL IN DEPT TRAP.
AFTER TWO YEARS OF REGULAR SAVINGS SHG CAN ALSO TAKE A BANK LOAN FROM BANK AND THEY GIVE THEIR MONEY AS GUARANTEE.IT CREATES TREMENDOUS OPPORTUNITIES OF SELF EMPLOYMENT.MANY WOMEN AS THE MEMBER OF SHG HAD BECOME ECONOMICALLY INDEPENDENT.THIS LED TO WEN EMPOWERMENT IN RURAL AREAS.
HOPE IT HELPED....
PLZ MARK AS BRAINLIEST...
SELF HELP GROUP HAD HELPED A LOT TO RURAL AREAS LIVING PEOPLE.THIS SELF HELP GROUP HAD ENABLES RURAL PEOPLE TO GET LOANS.MEMBERS CAN TAKE LOAN FROM THE GROUP SAVINGS THEMSELVES ON A DECIDED RATE OF INTEREST.THE RATE OF INTEREST IS MUCH LOWER THAN THE COMMERCIAL BANKS SO THAT ANYONE MAY NOT FALL IN DEPT TRAP.
AFTER TWO YEARS OF REGULAR SAVINGS SHG CAN ALSO TAKE A BANK LOAN FROM BANK AND THEY GIVE THEIR MONEY AS GUARANTEE.IT CREATES TREMENDOUS OPPORTUNITIES OF SELF EMPLOYMENT.MANY WOMEN AS THE MEMBER OF SHG HAD BECOME ECONOMICALLY INDEPENDENT.THIS LED TO WEN EMPOWERMENT IN RURAL AREAS.
HOPE IT HELPED....
PLZ MARK AS BRAINLIEST...
khushi65041:
thnx..for marking as brainliest
Welcm
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