Question

what is the basic idea behind SHGs for the poor? explain in your own words?

Answer 1

Hey Mate

In recent years, government and Non Government Organisations (NGOs) have
tried out some new ways of providing loans to the poor. The idea is to organise
rural poor, in particular women, into small Self Help Groups (SHGS) and pool
(collect) their savings. A typical SHG has 15-20 members, usually belonging to
one neighbourhood, who meet and save regularly. Saving per member varies from
Rs. 25 to Rs. 100 or more, depending on the ability of the people to save. Members
After a year or two, if the group is regular in savings, the group is eligible for
can take small loans from the group itself to meet their needs. The group charges
interest on these loans but this is still less than what the moneylender charges.

Answer 2

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$\bf\Huge\red{\mid{\overline{\underline{ ANSWER }}}\mid }$

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$\Large\fbox{\color{purple}{QUESTION}}$

what is the basic idea behind the self help Groups for the poor explain in your own words

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$\Large\fbox{\color{purple}{ SOLUTION }}$

• to organise several two especially womens into self help groups
• to collect savings of their members
• to provide loans without collateral
• to provide timely loan for a every of purposes

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$\bf\Large\red{ THANKS \: FOR \: YOUR}$

$\bf\Large\red{ QUESTION \: HOPE \: IT }$

$\bf\Large\red{ HELPS }$

$\Large\mathcal\green{FOLLOW \: ME}$

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