what are self help groups state any four function
Answers
Answered by
4
A self-help group (SHG) is a financial intermediary committee usually composed of 10–20 local women or men.
Functions:
Members can take small loans from the group itself to meet their needs. The group charges interest on these loans but this is still less than what the moneylenders charge. After a year or two, if the group is regular in savings, it becomes eligible for availing loan from bank. Loan is sanctioned in the name of the group and is meant to create employment opportunities for the members. It helps borrowers overcome the problem of lack of collateral. They can get timely loans for a variety of purposes at a reasonable rate of interest. It also helps women to become financially self-reliant and provides a platform to discuss and act on a variety of social issues.
Functions:
Members can take small loans from the group itself to meet their needs. The group charges interest on these loans but this is still less than what the moneylenders charge. After a year or two, if the group is regular in savings, it becomes eligible for availing loan from bank. Loan is sanctioned in the name of the group and is meant to create employment opportunities for the members. It helps borrowers overcome the problem of lack of collateral. They can get timely loans for a variety of purposes at a reasonable rate of interest. It also helps women to become financially self-reliant and provides a platform to discuss and act on a variety of social issues.
Answered by
3
Answer:
Self-help groups (SHGs) are small groups of people (especially from rural areas) who pool their resources and individual savings together.
FUNCTIONS..
→ to enhance confidence and capabilities of women
→ to encourage habbit of saving
→to develop collective decision among women and poor people
→ to motivate women taking up social responsibilities
Hope it helps....
Please mark as brainliest....
Similar questions