what is the basic idea behind the SHGs for the poor?explain
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The basic idea behind the SHGs for the poor is to provide them with a vista for self-help in financial areas. A self-help group is a small group comprising people in the rural areas who collect their savings and loan these out to members on an interest rate lower than that charged by the informal sector.
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Explanation:
SHG is a mutual help group.
They come together to solve their economic issues and earn income.
SHGs provide loans to group members without collateral and at cheaper rates of interest.
Economic empowerment of women.
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