State one advantage of SHGs.
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the self help groups help the borrower to borrow money in the absence of collateral.
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Advantage of SHGs is:
The SHGs help the borrower to overcome the financial problem when the collateral help management is absent.
- Definition: A self-help group (SHG) is a financial intermediary committee usually composed of 10 to 20 local women or men between 18 to 40 years.
- This is very popular in India.
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