what is self help group? what are its benefits?
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Heya!!Here is your answer friend ⤵⤵
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SHGs or Self Help groups are small groups organised by rural people .
⏪A typical SHG has 15-20 members .
⏪The members meet up daily and pool in savings .
⏪The savings vary According to the person .
⏪Memebers can avail loans from SHGs with a minimum rate of interest .
⏪if the members are regular in saving , the SHG even becomes eligible for bank loan . The loan is sanctioned in the name of the SHG.
⏪When a member is unable to repay the loan , it is taken up seriously by the other members. That is why banks agree to lend loans to SHGs even if they lack a collateral.
Hope it helps you ✌✌
↔↔↔↔↔↔↔↔↔↔↔↔↔↔
SHGs or Self Help groups are small groups organised by rural people .
⏪A typical SHG has 15-20 members .
⏪The members meet up daily and pool in savings .
⏪The savings vary According to the person .
⏪Memebers can avail loans from SHGs with a minimum rate of interest .
⏪if the members are regular in saving , the SHG even becomes eligible for bank loan . The loan is sanctioned in the name of the SHG.
⏪When a member is unable to repay the loan , it is taken up seriously by the other members. That is why banks agree to lend loans to SHGs even if they lack a collateral.
Hope it helps you ✌✌
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