Social Sciences, asked by sachinrana1311p4e820, 1 year ago

What are self help groups? Describe in brief their functioning including their aim and importance.

Answers

Answered by chidvilash

110

A Self Help Group is an association of the poor people specially women who belong to the same social & economic background.
their main function is to give loans at low rate of interest

sachinrana1311p4e820: what is it importance?

chidvilash: The most important functions of aSelf-Help Groups are (a) to encourage and motivate its members to save, (b) to persuade them to make a collective plan for generation of additional income, and (c) to act as a conduit for formal banking services to reach them.

Answered by mindfulmaisel

Self-help Group:

Self-help Group is small groups of rural people. They could be 10-15 people mainly women 15-20 who belong to the same neighbourhood. They meet together and combine their savings on a regular basis.

Aim and importance of Self-help Group:

The members of the group are eligible to take small loan to meet their needs on interest rates which are low.

The decisions in regards to the ‘savings and loan activities’ are taken by the ‘group members’. The group decides on the sanctioning of the loans and they decide on the purpose, amount, interest to be charged, repayment schedule and more details about the loans.

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