Question

What are the benefits of SHGs ?

Answer 1

1.They help the rural women to become self reliant.
2.They provide loans from the bank to the poor without collateral.
3.It helps them to save their money and use, lend or borrow at any time just like the banks.
4.It helps the farmers with their income as it provides loans for fertilizers, seeds etc.

Answer 2

the shgs helps the borrower to overcome the problem of lack of collateral. they can get timely loans for a variety of purpose and it reasonable interest rate. sghs are the building blocks of organisation of rural poor