Some SHG groups charge very high interest rates for loans to its members? Is this fair? Discuss.
Answers
According to the data mention in the question that,
Some SHG groups charge very high interest rates for loans to its members.
This is not fair at all.
Because, according to our constitution.Equality is the main preference in all possible sectors including the economic markets and industries.
Seperate rights or rule creating is the violation of the equality law of the constitution.It is even an offensive crime.
You have the self help group or the SGH Group and the aim of the same is to deliver with the financial services and products to the section of the core Indian population.
The group will lack the access to the formal banking system. This is the segment to form the lower income group and can help in meeting with the fiscal necessities systematically.