Question

"SHG's are building blocks of rural India"justify the statement

Answer 1

Following points will help you:
Self Help groups in rural areas have emerged as important medium of extending loans to the rural poor.

a. These groups have organised rural poor more so women in collecting their money and in extending loans to its members.

b. SHG charge less rate of  interest as compared with any other form of rural banking or even those charged by moneylenders.

c. These groups gradually can seek loans from the bank so as to create employment opportunities for its members.

d. Banks  have been extending loans to these groups to meet their needs like buying fertilizers, seeds , raw materials etc.

e. These SHG have emerged as building blocks for thr rural poor.

Answer 2

the above one is the right one