What are SHGs? Describe any 3 advantages of the Self Help Groups for poor?
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Answered by
14
They provide loans from the bank to the poor without collateral.
-It helps the farmers with their income as it provides loans for fertilizers,seeds
-They help the rural women to become self reliant.
-It helps them to save money & use,lend/borrow at any time just like the banks
-It helps the farmers with their income as it provides loans for fertilizers,seeds
-They help the rural women to become self reliant.
-It helps them to save money & use,lend/borrow at any time just like the banks
Answered by
3
In order to help formal credit system SHGs have emerged recently . SHGs promote thrift by minimum contribution from each member . Credit is sanctioned to the needy members to be repayable in small instalments at reasonable rate of interest . The scheme has helped in improving the economic conditions of the rural people
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