What are SHGs ? How they are immerging as an important source of credit
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FRIEND HERE IS YOUR ANSWER.
SHG(self help groups) are a group of 15 to 20 poor villagers who regularly pool money at regular intervals.
> When one member is need of money, he takes loan with low interest form the money that has been collected by the group.
banks do not give loans to people without collateral.
> These villagers cannot avail loan from the bank easily. so,SHG helps the rural people to be self reliant.
> If the savings are regular then they are legible to avail loan from the bank.
> That's why SHG's are immerging as an important source of credit
FRIEND, I HOPE THIS WILL HELP YOU.
FRIEND HERE IS YOUR ANSWER.
SHG(self help groups) are a group of 15 to 20 poor villagers who regularly pool money at regular intervals.
> When one member is need of money, he takes loan with low interest form the money that has been collected by the group.
banks do not give loans to people without collateral.
> These villagers cannot avail loan from the bank easily. so,SHG helps the rural people to be self reliant.
> If the savings are regular then they are legible to avail loan from the bank.
> That's why SHG's are immerging as an important source of credit
FRIEND, I HOPE THIS WILL HELP YOU.
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