What is SHGs?Give also their functions..
Answers
A typical shg has 15 20 members usually belong to one neighbourhood who meet and save regularly functioning 1.saving Member various from rupees 25 to 100 or more depending on the ability of the people to save .members can take small loans from the group it self to meet their needs the group charges interest on these loan but this is less than what the moneylender charge 2nd. Most of the important decisions regarding the Savings and loan activity are taken by the group member the group decides as regards the loans to be granted this the purpose amount interest to be charged repayment schedule etc also it is the group which is responsible for the repayment of the loan in any case of non repayment of loan by any one member is followed up seriously by the other member in the group.
Explanation:
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