Question

what are self help groups? how do they work? explain.

Answer 1

self help group use to collect the money and give it to the needy person of their group and that person return the money after sometimes

Answer 2

Heya

Here is your answer

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 A typical SHG can have 15-20 members generally belonging to the same village.

 The main motive of SHG's is to pool the savings of the poor people. Saving varies from  Rs 25 to Rs 100 depending on the economic condition.

 The SHG's provide loans to their members at a reasonable rate.  After a year or 2. If the group is regular in savings it becomes eligible for bank loans.

 Any case of non-repayment of loans by any one member is followed up seriously by  other members in the group and because of this feature the commercial banks don't  hesitate to give loans to these groups.

 The most important feature of SHGs is that most of these groups are being organized by  women and this helps them to become financially self-reliant and provides a platform  to discuss and act on a variety of social issues.

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