Question

the ideas behind the formation of SHG is really innovative. explain

Answer 1

SHGs are the self help groups especially being formed to uplift the livelihood by combined effort of the groups. Usually SHGs are having 10..12 members. All the members starts their group interaction and activity with small savings by each one of the member.This small saving is combindely kept in the saving accounts of the SHG and it is used to help the members in need. This interaction and social effort increases the enthusiasm and also the financial stability among the members,which in turn allow the members to uplift their livelihood,which was not earlier possible individually.

Answer 2

Explanation on the ideas behind the formation of SHG is really innovative:

• The primary focus for starting this initiative is to provide the self employment opportunities for the poor.
• To make them self dependent and to create the confidence in leading their life. The funding is the primary initiative amongst it.
• The loans can be availed to those who are in need of money at the very low rate of interest.
• And it stands as the very good intiative amongst all other intaitives which are taken in general.
• And hence in other terms the SHG' s are the upliftment block for the rural block of people.

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What is the idea behind forming the SHGs ? Explain the functioning of SHGs

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