Question

what is the basic Idea behind shgs for the poor explain in your own words​

Answer 1

Answer:

Explanation:

The basic behind the SHGs is to provide a financial resource for the poor through organizing the rural poor especially women, into small Self Help Groups. They also provide timely loans at a responsible interest rate without collateral.

Answer 2

Answer:

ᴛʜᴇ ʙᴀsɪᴄ ʙᴇʜɪɴᴅ ᴛʜᴇ sʜɢs ɪs ᴛᴏ ᴘʀᴏᴠɪᴅᴇ ᴀ ғɪɴᴀɴᴄɪᴀʟ ʀᴇsᴏᴜʀᴄᴇ ғᴏʀ ᴛʜᴇ ᴘᴏᴏʀ ᴛʜʀᴏᴜɢʜ ᴏʀɢᴀɴɪᴢɪɴɢ ᴛʜᴇ ʀᴜʀᴀʟ ᴘᴏᴏʀ ᴇsᴘᴇᴄɪᴀʟʟʏ ᴡᴏᴍᴇɴ, ɪɴᴛᴏ sᴍᴀʟʟ sᴇʟғ ʜᴇʟᴘ ɢʀᴏᴜᴘs. ᴛʜᴇʏ ᴀʟsᴏ ᴘʀᴏᴠɪᴅᴇ ᴛɪᴍᴇʟʏ ʟᴏᴀɴs ᴀᴛ ᴀ ʀᴇsᴘᴏɴsɪʙʟᴇ ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇ ᴡɪᴛʜᴏᴜᴛ ᴄᴏʟʟᴀᴛᴇʀᴀʟ.