what are the advantages of financing of SGHs ?
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Answer:
Following are the advantages of SHG: Members can take loans from the group's savings themselves on a decided rate of interest. The rate of interest is much lower than the interest that is charged by the informal sources. After two years of regular savings, the SHG can also take a loan from the bank.
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Explanation:
Advantages of SHGs: The SHGs help the borrower to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.
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