What is idea behind forming the SHGs? Explain the function of SHGs
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SHG or self help groups are the groups mostly formed in the villages by some people who deposit money monthly and help each other when needed.The main idea of forming SHG's was to help people who don't have enough collateral to deposit in bank to get a loan. It's functions were
(a) to encourage and motivate its members to save,. (b) to persuade them to make a collective plan for generation of additional income.
(c) to act as a conduit for formal banking services to reach them.
(a) to encourage and motivate its members to save,. (b) to persuade them to make a collective plan for generation of additional income.
(c) to act as a conduit for formal banking services to reach them.
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