Question

what is know as shg? how do they help in economic activities?​

Answer 1

Answer:

Self Help Groups (SHGs) are small groups of poor people. The members of an SHG face similar problems. They help each other, to solve their problems. SHGs promote small savings among their members. The savings are kept with the bank. This is the common fund in the name of the SHG. The SHG gives small loans to its members from its common fund.they help in economic activities as they work like a bank, lending loans, placing interests, etc.