What is the basic objective of self help group? describe any advantages of shg
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Self Help Group is group of rural poor willingly organize themselves into a group to wipe out poverty. The major objectives of SHGs are to eradicate poverty. They regularly save to build up a common fund known as group corpus. The members of SHGs use this common fund when they need.
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Self Help Group (SHG) is a group of about 15-20 members who pool their savings together. Following are the advantages of SHG: Members can take loans from the group's savings themselves on a decided rate of interest. The rate of interest is much lower than the interest that is charged by the informal sources.
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