Question

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What is the basic idea behind the SHGs for the poor?


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Answer 1

Answer:

SHG is a mutual help group.

They come together to solve their economic issues and earn income.

SHGs provide loans to group members without collateral and at cheaper rates of interest.

Economic empowerment of women.

Answer 2

ANSWER:

The basic idea behind the SHGs is meant to create self-employment opportunities for the poor. The SHGs help poor borrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.

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Anneyo~

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