Question

what is the basic idea behind the shg's for the poor

Answer 1

basic idea idea is meant to create self employment oppurtunities for the poors. the SHGs helps poor borrowers to overcome the problem of lack of collateral. they cant get loans of variety of purposes at regional interet rate.moreover, SHGs are the building blocks of organisation of rural people

Answer 2

$\huge{\mathfrak{\underline{\green{Answer:}}}}$

➣ S H G means self help group.

➣ The basic idea behind the SHGs for the poor are as follows.

➣ To organise the rural poor.

➣ Collect the savings from the rural poor, particularly women to empower them.

➣ To create self - empowerment opportunities.

➣ Without a collateral the SHG can get loans from the bank.

➣ To protect the poor from informal loans.