what are the banks willing to lend to women on SHGs
Answers
Answered by
0
Explanation:
is it social science
Answered by
4
Explanation:
SHGs are the building blocks of organization of the rural poor. Lending loans to such groups help women to become financially self-reliant, to provide working capital need, to buy assets for their business like sewing machines, cattle etc.
* Because failure of repayment of loan by single member us taken up seriously by other members.
* In case the member is unable to pay, the bank can negotiate with the savings of SHGs and take it. This is the main reason why banks solve the problem of collateral. The savings themselves act as collateral.
Hope it helps you...
please follow me
and mark me as brainliest please
Similar questions