SHG help borrower to overcome the problem of land collateral.
please write the key words in points.(5 marks)
......... priyanshu
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1. In a Self Help Group, most of the important decisions regarding the savings and loan activities are taken by the group members.
2. Group members are well known to each other. They belong to the same society.
3. Also, it is the group which is responsible for the repayment of loan.
4. Any case of non-repayment of loan by any one member is followed up seriously by other members in the group.
5. Due to this feature, banks are willing to land to the poor women when organised in SHGs, even though they have no collateral as such.
Hope it helps you!
2. Group members are well known to each other. They belong to the same society.
3. Also, it is the group which is responsible for the repayment of loan.
4. Any case of non-repayment of loan by any one member is followed up seriously by other members in the group.
5. Due to this feature, banks are willing to land to the poor women when organised in SHGs, even though they have no collateral as such.
Hope it helps you!
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