Question

What do you know about SHGs? Explain the functioning of the Self Help Groups

(SHGs).​

Answer 1

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What do you know about SHGs? Explain the functioning of the Self Help Groups.

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A SHG (self help group) is a community based group with 10-20 members.

They usually consist of women from about similar type of social and economic backgrounds.

They all voluntarily come together to save small sums of money, on a regular basis, to save a huge amount of money and to develop them selves in future, by opening shops,etc...

There is also a system in which they give loans to their team members with some terms and conditions.

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Answer 2

A SHG (self help group) is a community based group with 10 to 20 members. they are usually women from similar social and economic background, all voluntarily coming together

to save small sums of money on a regular basis.

function function of the self help:

1-Most of the decisions regarding the the savings and loan activities are taken by the group members.

2-The group decides as regards the loan to be granted the purpose, amount, to be charged, repayment schedule etc.

3- Group is responsible for the repayment repayment of the loan

4- Any case of non- repayment of loan ,by any one member is is followed up seriously by other members in the group.

5- The SHG help borrows overcome the problem of collateral.