what important is shg
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what important is shg?
answer :Self-help group
Explanation:
A self-help group (SHG) is a financial intermediary committee usually composed of 10 to 20 local women or men between 18 to 40 years. Most self-help groups are in India, though SHGs can be found in other countries, especially in South Asia and Southeast Asia.
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sghs are the self help groups found in villages. these groups gernally have 15-20 members.
importance of sghs
1. provides money to poor people at a very low interest rate.
2. promotes women empowerment in general.
3. banks willing to give loans to poor women if oraganised in sghs because they have assets , collateral incase they were failed to repay the loan then the bank have the right to use their colletral
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