Question

What is the basic idea behind the SHGs for poor? Plz explain.

Answer 1

5-6 members
low interests
varies from 25 to 100
more in economic book money and credit

Answer 2

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• S.H.G means “self help group”.

• The basic idea behind the Shags for the poor are as follows.

• To organise the rural poor.

• Collect the savings from the rural poor, particular women to empower them.

• To create self-employment opportunities.

• Without a collateral the SHG can loans from the bank.

• To protect the poor from informal loan.

• Each group has 15-20 members, mostly women.

• These SHGs empowered women as they became financially self reliant.

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