What are self help groups? State any 4 functions
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self help groups for small groups of people in the rural areas which consists of poor specially women together and collect savings.
functions of self help groups:
•they create self employment opportunities for the poor
•they help the poor people in rural areas to get bank loans without any collateral
•they allow women to discuss and act on a variety of social issues such as domestic violence
•they help to increase the income of the poor with the help of loans at low interest
•it reduces the dependence of the people on the informal sector of loans
functions of self help groups:
•they create self employment opportunities for the poor
•they help the poor people in rural areas to get bank loans without any collateral
•they allow women to discuss and act on a variety of social issues such as domestic violence
•they help to increase the income of the poor with the help of loans at low interest
•it reduces the dependence of the people on the informal sector of loans
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