Question

What is the basic idea behind the shgs for the poor explain?

Answer 1

Answer:

The basic idea behind the SHGs is meant to create self – employment opportunities for the poor. The SHGs help poor borrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.

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Answer 2

$\large\bf\purple{EXPLANATION→}$

Thє Sєlf Hєlp Grσups (SHGS) hαvє вєєn sєt ín índíα wíth αn αím tσ hєlp thє rurαl pσσr, єspєcíαllч wσmєn. α tчpícαl sєlf hєlp grσup cσmprísєs 15-20 pєσplє frσm thє sαmє nєíghвσurhσσd whσ sαvє sσmє mσnєч frσm thєír dαílч wαgєs αnd cσllєct thєm tσgєthєr. pєσplє cαn вσrrσw mσnєч frσm thєsє grσups duríng αn єmєrgєncч σr whєn thєч αrє ín nєєd. thєч chαrgє α mínímum rαtє σf íntєrєst frσm thє вσrrσwєrs. σncє thє shg hαs mαnαgєd tσ sαvє α dєfínєd αmσunt σf mσnєч, thєч αrє αlsσ єlígíвlє tσ tαkє lσαns frσm вαnks. thє mαín purpσsє σf íntrσducíng thєsє sєlf hєlp grσups wαs tσ íncrєαsє smαll scαlє єmplσчmєnt σppσrtunítíєs fσr thє rurαl pєσplє sσ thαt thєч cσuld stαrt α smαll вusínєss tσ єαrn α lívєlíhσσd.